Govt may cut duty on steel, aluminium in Union budget2 min read . Updated: 27 Dec 2021, 06:12 AM IST
- A broad understanding between the steel and finance ministries has been reached to review import duties on major metals and bring them down and, in some cases, withdraw them completely to help user industries
The government may consider reducing import duties on products such as steel, aluminium, copper and polymers in the budget to provide relief to small and medium businesses, which have been hit hard by surging input costs, two people aware of the development said.
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