Budget 2024: Jindal Stainless seeks zero customs duty on ferro nickel ...Middle East

Business Standard - Economy
Budget 2024: Jindal Stainless seeks zero customs duty on ferro nickel
source : Business Standard ( Middle East ) () 108
Jindal Stainless has urged the government to remove the customs duty on ferro nickel and molybdenum in the upcoming Budget to ensure the industry's access to these critical raw materials at competitive prices. The present customs duty on ferro nickel is 2.5 per cent, while in the case of ferro molybdenum, it is 5 per cent. "We propose a long-term waiver of basic customs duty on ferro nickel and ferro molybdenum to ensure the industry's access to these essential raw materials at competitive prices," Jindal Stainless Ltd (JSL) Managing Director Abhyuday Jindal said. Jindal, on behalf of the stainless steel industry, urged the government to continue its support towards making the "Make in India

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