Train crunch to spur coal imports by Indian industries
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Train crunch to spur coal imports by Indian industries
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Paper mills seek 25% duty hike Industry body says import policy should be changed from ‘Free’ to ‘Restricted’ to curb unfair practices such as under-invoicing, mis-declaration and dumping
Domestic paper mills have sought a hike in basic customs duty on import of paper and paperboard to 25 per cent and have urged the Centre to review its free trade agreements.
Both under India-ASEAN FTA and India-Korea CEPA, import of paper in India is currently at nil rates of duty. Under Asia Pacific Trade Agreement, India has extended import tariff concessions to China and other countries and offered 30 per cent margin of preference, reducing the basic customs duty from 10 per cent to 7 per cent on most grades of paper, industry body Indian Paper Mills Association (Ipma) said on Wednesday.