Tag: Import Duty

New Delhi: On Monday, a senior official stated that the government currently has no plans to reduce import duties on rubber because the gap between domestic and international prices is being upheld. "We have a differential already maintained for the imports that we are getting vis-a-vis the local production. "If you see the local price vis-a-vis international price...So there has been a differential maintained on account of that import duty... So I do not think there is any rethink on reducing import duties as of now," Additional Secretary in the commerce ministry Amardeep Singh Bhatia told PTI reporters here. (Also Read: IREDA Inks Pact With PNB For Financing Green Energy Projects) He responded to inquiries regarding the request from the domestic user industry to l...