Union Steel Minister Dharmendra Pradhan on Tuesday said the Finance Ministry h
Union Steel Minister Dharmendra Pradhan on Tuesday said the Finance Ministry has been requested to implement the proposed Border Adjustment Tax (BAT) to provide local manufacturers a level-playing field.
The Indian industry has been complaining to the government about domestic taxes like electricity duty, duties on fuel, clean energy cess, mandi tax, royalties, biodiversity fees that get charged on domestically produced goods as these duties get embedded into the product.
But many imported goods do not get loaded with such levies in their respective country of origin and this gives such products price advantage in the Indian market.
As far as support for the domestic steel sector is concerned, the government is already doing that. There is huge installed steel capacity in India and accordingly production is also happening in the country, Pradhan said pointing…