TABLE: India rejigs tax to tame inflation



NEW DELHI, May 21 (Reuters) - India's government has cut taxes on various commodities and raised export duties on some products as Asia's third largest economy seeks to rein in inflation.

Below is a table with details of the new tax structure for different products.

Product

Old tax New

tax EXPORT DUTY (IRON ORE & STEEL INTERMEDIATES)

Iron ores and concentrates (other than roasted iron pyrites)

30%

50% Iron ore pellets

NIL

45% Pig iron and spiegeleisen in pigs, blocks, or other primary forms

NIL

15% Flat-rolled products of iron or nonalloy steel, of a width of 600 mm or more, NIL

15% hot-rolled, not clad, plated or coated

Flat-rolled products of iron or nonalloy steel, of a width of 600 mm or more, NIL

15% cold-rolled (cold reduced), not clad, plated or coated

Flat-rolled products of iron or nonalloy steel, of a width of 600 mm or more, NIL

15% clad, plated or coated

Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy

NIL

15% steel

Other bars and rods of iron or nonalloy steel, not further worked than forged, NIL

15% hot-rolled, hot-drawn

Flat-rolled products of stainless steel of width >=600mm

NIL

15% Other bars and rods of stainless steel; angles, shapes and sections of

NIL

15% stainless-steel

Bars and rods, hot-rolled, in irregularly wound coils, of other alloy steel

NIL

15%

IMPORT DUTY (RAW MATERIALS OF STEEL)

A. Anthracite/pulverized Coal injection (PCI) coal B. Coking Coal

2.50%

NIL Coke and semi-coke

5%

NIL Ferronickel

2.50%

NIL

IMPORT DUTY (RAW MATERIALS OF PLASTIC PRODUCTS)

Naphtha

2.50%

1% Propylene Oxide

5%

2.50% Polymers Of Vinyl Chloride (PVC)

10%

7.50%


Reporting by Munsif Vengattil in New Delhi

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