Budget 2018: Why FM should look at reducing import duty on coking coal

A snapshot of the Union Budget 2018-19 expectations of Rita Singh, chairman & managing director of Mesco Steel, on key issues

Finance Minister Arun Jaitley will be presenting Budget 2018 in Parliament on February 1. While there are several expectations of key announcements for the economy and its various sectors, it remains to be soon whom the finance minister would oblige this time.

Here is a snapshot of the Budget 2018 Expectations of Rita Singh, chairman & managing director of Mesco Steel, on key issues:

1. Reduction of import duty on Coking Coal

a. Currently import duty on Coking Coal is 2.5% and many of the steel companies are dependent upon imported coking coal as the domestic quality