Plant & Machinery and capital goods manufacturers in the country have demanded zero% duty on stainless steel and special steel due to steep devaluation of Indian Rupee.
Mr V P Ramachandran, Secretary General of Process Plant and Machinery Association of India said that “The Capital Goods manufacturing companies exporting Process Plant machinery have urged the Union Ministry of Finance and Commerce to remove duties on import of high grade stainless steel hot rolled sheets, coils and cold rolled products not currently manufactured in India. Government had imposed anti dumping duties as well on imports originating from European Union, South Korea, Taiwan and USA and South Africa despite the fact that there are so many grades and forms which are presently not manufactured in India.”
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Mr V P Ramachandran, Secretary General of Process Plant and Machinery Association of India said that “The Capital Goods manufacturing companies exporting Process Plant machinery have urged the Union Ministry of Finance and Commerce to remove duties on import of high grade stainless steel hot rolled sheets, coils and cold rolled products not currently manufactured in India. Government had imposed anti dumping duties as well on imports originating from European Union, South Korea, Taiwan and USA and South Africa despite the fact that there are so many grades and forms which are presently not manufactured in India.”
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