Indian Steel Association (ISA) presented its budget 2019 recommendations. It wants to various changes made in the custom duty for steel materials in the upcoming budget 2019-2020, which will be presented on 5th July by FM Nirmala Sitharaman.

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ISA represents and comprises of all the Public Sector and Private steel enterprises of India. 

Here, what all memorandum of recommendation by ISA said to government for the budget 2019-2020:

-India should discourage imports of non-essential steel items, such as 'hot rolled items' and 'color coated steel'. The country`s current account deficit (CAD) will be increase as the resultant in the increase in non-essential steel imports to India, which is a serious concern.
-Asked government to reduce import duty on raw materials to null rate and to refine of inverted duty structure
-Association suggested to apply null import duty to all input raw material which India import for promoting value addition within the county
-Association asked government to make custom duty on Pet coke from 2.5 per cent to zero per cent. 
-ISA demanded zero per cent custom duty on anthracite coal from 2.5 per cent
-The association asked to remove all the import duties on other raw material used in steel making such as iron, zinc, paint, oils, lubricants, etc. 
-Suggested to rationalize GST and inclusion of Petroleum products, natural gas and electricity under its scope to allow input tax credit
-ISA recommended to subsume all mining related taxes into GST so that input tax credit can be utilized by producers