Paswan urges roll back of steel export duty

New Delhi, May 23: India’s steel minister, Ram Vilas Paswan, said on Friday he has urged the finance ministry to roll back an export tax recently imposed on steel products.

“Steel producers have demanded roll back of export duty and we have forwarded the request to the finance ministry,” Paswan said.

Earlier this month, the government persuaded steel makers to roll back price hikes. It had earlier imposed an export duty ranging from 5 to 15 percent, as part of efforts to boost supplies and tame inflation ruling at 3-½ year highs.

Reuters
Posted online: Friday , May 23, 2008 at 1153 hrs IST

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