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In a move expected to end the country's exports of the raw materials needed to manufacture steel, the Indian government has imposed a 50 per cent export tax on all grades of iron ore
Reacting to the government's move to levy export duty on some steel items, EEPC India Chairman Mahesh Desai said engineering goods manufacturers and exporters would benefit from the move and become more competitive in the global markets, , steel prices, Export duty, eepc
Indian government has reduced import duty on input materials & imposed export duties on finished steel items to increase domestic availability & control steel
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The government on Saturday waived customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel industry, a move which will lower the cost for the domestic industry and reduce the prices.