Monday, March 20, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

India slashes duty on steel by 7.5%

Christiana Unakalamba by Christiana Unakalamba
February 1, 2021
in Commodities, Markets & Companies
0
India slashes duty on steel
0
SHARES
30
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Indian government has slashed import duties on a number of steel items by 7.5 per cent to provide relief to Micro, Small, and Medium Enterprises hit hard by the high cost of raw materials.

The Finance Minister, Nirmala Sitharaman, made this known in a speech on India’s 2021/22 budget.

READ ALSO

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

Afrinvest Asset gets A3 Rating, Agusto assigns A

She added that the anti-dumping and countervailing duties had also been revoked on certain steel products.

Read Also:

  • Ndi Enugu, wake up, shine your eyes
    Ndi Enugu, wake up, shine your eyes

“MSMEs and other user industries have been severely hit by a recent sharp rise in iron and steel prices. Therefore, we are reducing Customs duty uniformly to 7.5 per cent on semis, flat and long products of non-alloy, alloy and stainless steels.

“To provide relief to metal re-cyclers, mostly MSMEs, we are exempting duty on steel scrap till March 31, 2022. We are also revoking ADD and CVD on certain steel products,” the minister stated.

Tags: Import dutyIndiaSteel

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Christiana Unakalamba

Christiana Unakalamba

Related Posts

Brands in Nigeria
Front Page

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Afrinvest Asset
Front Page

Afrinvest Asset gets A3 Rating, Agusto assigns A

December 5, 2022
NGX ASI closes in green
Front Page

NGX ASI closes in green with 1.22% increase

November 21, 2022
NGX ASI closes in green
Front Page

NGX ASI dips by 0.68%, closes at N23.949tn

November 14, 2022
NGX ASI closes in green
Front Page

Bullish move heralds NGX Nov trade

November 7, 2022
NGX ASI closes in green
Front Page

NGX ASI closes in red

October 31, 2022
Next Post
CBN warns Nigerians against falling victim to cybercrime

Nigeria’s external reserves now $36bn


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Ndi Enugu

Ndi Enugu, wake up, shine your eyes

March 16, 2023
Nigeria

Peter Obi: A New Nigeria is Truly Possible

March 9, 2023
Enugu

Oby Onwe: Defying political odds in Enugu

March 4, 2023
fixpolitics

INEC has breached trust of Nigerians –FixPolitics

March 2, 2023
Monetary

Monetary policy: Nigeria on the road to India?

February 22, 2023
political

Restoring Nigeria’s economy with disruptive political class

February 22, 2023
Enugu West

Enechionyia advocates good governance for Enugu West

February 22, 2023

TRENDING

  • Ndi Enugu

    Ndi Enugu, wake up, shine your eyes

    0 shares
    Share 0 Tweet 0
  • Why Nigerian consumers prefer foreign goods

    0 shares
    Share 0 Tweet 0
  • What naira devaluation means for Nigeria’s economy

    0 shares
    Share 0 Tweet 0
  • The world of hire purchase transporters in Lagos

    2 shares
    Share 0 Tweet 0
  • Changing face of Nigeria’s financial industry with Optimus

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS