Fertiliser makers demand import duty reduction on raw materials
January 28, 2021
× The fertiliser sector is looking forward to some duty corrections on the import of raw materials and finished products in the forthcoming Budget 2021-22. Currently, the import duties on raw materials and finished fertiliser products are at 5 per cent.
“We want the import duties on raw materials to be reduced from the current 5 per cent to around 1 per cent. We also want the duty on imported finished fertiliser products to be increased from 5 per cent to 7.5 or 10 per cent,” said Satish Chander, Director General, Fertiliser Association of India (FAI), the apex trade body.