Govt slashes customs duty on 11 items

5 Portland cement12.5

Nil

 The government has also reduced the duty on project imports from 12.5 per cent to 5 per cent. Significantly, it has extended the project import rate of 7.5 per cent to airport development projects and Metro rail projects.  In addition, it has cut the duty on organic chemicals like halogens, sulphur, carbon, hydrogen and alkali metals from 10 per cent to 5 per cent, on carbon black feedstock from 10 per cent to 5 per cent and on refractories from 7.5 per cent to 5 per cent.  Reacting to the duty cuts, some industry representatives said they could impact their finances. PM Balasubramaian, executive director in charge of SAIL