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Steel Ministry Seeks Lower Import Taxes On Key Raw Materials

Steel Ministry Seeks Lower Import Taxes On Key Raw Materials
New Delhi: Steel ministry wants lower import taxes on a number of key steelmaking raw materials, including nickel, to protect the domestic industry from the rising costs of basic resources, a senior government official said on Tuesday. Finance Minister Arun Jaitley could announce some of these measures when he presents his annual budget for the 2017-18 fiscal year on February 1. The finance ministry could even scrap the current 5 p...
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