LOK SABHA
Basic customs duty
on ferro alloys has remained unchanged since 2001-2002. Further,
import duty on metcoke for the manufacturers of ferro alloys
has been reduced to 5 per cent and anti-dumping duty on Chines
metcoke has been withdrawn. These measures benefit the Ferro
Alloys Manufacturers and Traders in the country.
Problems faced
by Ferro Alloys manufactures and traders are: high power tariff,
excess capacity and stagnant domestic demand, cheap imports
from China, Russia, Kazakhastan and South Africa, imports from
neighbouring countries, such as, Bhutan and Nepal which do not
attract countervailing duty, sales tax, high excise duty and
increase in input cost, road and railway freight.
This information
was given by the Minister for Steel, Shri Braja Kishore Tripathy
in a written reply in the Lok Sabha today.
