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

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明