ASSOCHAM urges Govt to impose 10% customs duty on pulp imports
The Dollar Business Bureau The apex industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM), in its pre-budget recommendations, urged the Government to levy a 10% customs duty on hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) imports in order to promote production of pulp in the country. The industry said that this would provide a fillip in creating jobs and support overall economic development of the country’s vast rural hinterland which covers pulpwood plantations. “These measures would help energise creation of sustainable sources of fibre required by Indian pulp and paper industry,” ASSOCHAM said in a statement on Tuesday. It also asked for policy measures for facilitating participation of private sector in plantation development programmes. As per estimates, India imports more ...
Rising imports hinder growth of Indias paper industry
Sai Nikesh | The Dollar Business Large scale new investments planned in India’s paper industry with an estimated current turnover of Rs 50,000 crore, have been put on a backburner as a result of rise in cheap imports, Indian Paper Manufacturers’ Association (IPMA) told The Dollar Business, on Thursday. In this regard, it said, “We have asked the government to impose 10% special additional duty on imports of paper and paperboard on actual use basis and for bringing the basic customs duty on import of the same from ASEAN countries back to the Most Favoured Nation (MFN) rate.” The government was also asked to review all existing Free Trade Agreements (FTAs) and to keep ‘paper’ in the negative list in all ...
