FICCI demands zero customs duty on ferronickel; 12.5% import duty on steel
Sun, Jan 16, 2022 1:27 PM

FICCI demands zero customs duty on ferronickel; 12.5% import duty on steel

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The industry body FICCI urged the government to reduce the basic customs duty (BCD) on ferronickel to zero ahead of the Union Budget and levy a higher duty of 12.5% on the import of stainless steel flat products. Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY2022-23 on February 1, 2022.

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