Export of Steel
The Minister of State in the Ministry of Steel, Shri A. Sai Prathap has said that exports are based on commercial decisions of the individual producers/traders based on the opportunities available on the international market. The Government, however, supports the industry on a continuous basis with World Trade Organization (WTO) compatible schemes in order to create a level playing field for the industry. Some of the major fiscal steps to help the industry in export of steel are -
(i) Export duty on all steel products is ‘NIL’; and
(ii) Duty Entitlement Pass Book (DEPB) Scheme is extended to some of the steel products.
In a written reply in the Lok Sabha today he said, export of finished steel (alloy + non-alloy) has declined by 36.1% during April to December 2009.
The Minister of State in the Ministry of Steel, Shri A. Sai Prathap has said that exports are based on commercial decisions of the individual producers/traders based on the opportunities available on the international market. The Government, however, supports the industry on a continuous basis with World Trade Organization (WTO) compatible schemes in order to create a level playing field for the industry. Some of the major fiscal steps to help the industry in export of steel are -
(i) Export duty on all steel products is ‘NIL’; and
(ii) Duty Entitlement Pass Book (DEPB) Scheme is extended to some of the steel products.
In a written reply in the Lok Sabha today he said, export of finished steel (alloy + non-alloy) has declined by 36.1% during April to December 2009.
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