Budget 2018: Steel industry demands removal of import duty on raw materials 

In front of the financial plan, the stainless steel industry has requested that the administration evacuate import obligation on ferro-nickel and stainless steel scrap.
In its pre-spending list of things to get, the Indian Stainless Steel Development Association (ISSDA) has looked for expulsion of traditions obligation on enter crude materials utilized as a part of delivering stainless steel.
"The administration had evacuated traditions obligation on unadulterated nickel in the last spending plan, it didn't help the business much since a large portion of nickel utilized by stainless steel creators is in the shape ferro-nickel," the ISSDA said.
A similar alleviation should now be reached out to ferro-nickel, it requested. The import obligation on ferro-nickel is 2.5 for every penny.
The crude material must be fundamentally foreign made on the grounds that India barely has any nickel assets, the affiliation said.
The business body additionally said that since all the stainless steel is created through electric heaters, stainless steel scrap is the fundamental crude material which likewise gives financially savvy wellspring of alloying components like chrome and nickel.


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