Saturday, March 15, 2025 | 02:32 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Steel minister wants import duty on coking coal scrapped

Image

Reuters NEW DELHI

NEW DELHI (Reuters) - India's steel minister said on Thursday he wanted the finance ministry to scrap the 2.5 percent duty on imports of coking coal, a key steelmaking raw material, to limit input costs.

"We are pursuing a cut," Chaudhary Birender Singh told reporters. "We want to make it zero. It cannot be 2.5 percent to 2 percent."

India's coking coal imports rose 13 percent in the 2017/18 fiscal year that ended in March.

(Reporting by Neha Dasgupta; Editing by Malini Menon)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 13 2018 | 1:53 PM IST

Explore News