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Business News/ Companies / Dealers seek abolition of CVD on import of radial tyres
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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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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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Published: 02 May 2007, 01:59 PM IST
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