9th January 2006
Dear Dr Mano Ranjan,
After consulting all our members, the Indian Steel
Alliance has finalized its Budget recommendations for the year
2006-'07 and the same are given below for your consideration and
recommendations to the concerned authorities:
a) Provision of customs duty be enhanced to 15% and
eventually linked with non-ferrous metals, so that there would not
be any differential treatment for steel.
b) Reduction in excise duty on GP/GC, TMT bars,
which are needed for construction activities and do not enjoy
mod-vat benefits.
c) With regard to monitoring of import of seconds &
defectives, we would like to suggest that a model similar to that of
Thailand Policy be adopted. The definition for seconds & defectives
finalized by the Ministry of Steel be recommended to the Finance
Ministry for inclusion in the budget proposals.
With kind regards,
Moosa Raza
Dr Mano Ranjan
Secretary to the Govt. of India
Ministry of Steel
Udyog Bhawan
New Delhi 110 011
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