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Dealers seek abolition of CVD on import of radial tyres

Dealers seek abolition of CVD on import of radial tyres
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First Published: Wed, May 02 2007. 01 59 PM IST
Updated: Wed, May 02 2007. 01 59 PM IST
PTI
New Delhi: Contrary to the demands of tyre manufacturers, All India Tyres Dealers Federation (AITDF) have demanded the abolition of the 16% countervailing duty (CVD) on import of truck/bus radial tyres in the country.
“The large import of truck/bus radial tyres would help the industry in reducing the transportation cost as radial tyres help in increasing the fuel efficiency by 5-7% and are more safety oriented” AITDF said in a release.
The abolition of CVD on tyres would also help in checking the inflation as tyres constitute 35% of operational cost of a truck operator.
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First Published: Wed, May 02 2007. 01 59 PM IST
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