Not enough ground to hike import duty on copper: Minister
The Dollar Business Bureau During April-August 2015, China supplied the largest chunk of 69,942 tonnes of copper to India The government will not raise the import duty on copper even though it is “keeping a close watch” on the inbound shipment of the metal, said Minister of State for Steel and Mines Vishnu Deo Sai. The minister, while responding to a query in the Lok Sabha on Monday, said that the country has exported refined copper worth $912 million between April and August this year and “import is not more than export” during the period. The statement came amid concern over rising import of the metal, especially from ASEAN countries that have free trade pacts with India. According to the ...
