TMI BlogPromotion of Steel SectorX X X X Extracts X X X X X X X X Extracts X X X X ..... Promotion of Steel Sector - News and Press Release Dated:- 3-8-2015 - News - Some domestic Steel Manufacturers and other stake holders have represented against surge in imports of steel. The same has been examined by Government and the following steps taken:- (i) To ensure that only quality steel is imported, Government has notified Steel and Steel Product (Quality Control) Order dated 12.03.12 as last amended on 04.12.14. (ii) Imposed anti-dumping duty on hot rolled flat stainless steel imports from China, Malaysia and South Korea on 05.06.2015. (iii) Raised the basic Customs Duty on various categories of steel vide Notification No.39 dated 16.06.2015. (iv) Notified Coal Mines (Special Provisions) Amendment Act, 2015 on 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.03.2015 and auctioned Coal Mines. (v) Notified Mines and Minerals (Development and Regulations Amendment) Act, 2015 on 27.03.2015. (vi) Imposed Export Duty at the rate of 30% ad valorem on all varieties of iron ore with effect from 30.12.2011 and 5% ad valorem on iron ore pellets with effect from 27.01.2014. Further Export Duty at the rate of 10% has been levied on iron ore containing less than 58% Fe content with effect from 30.04.2015. The details of the import of Steel in the Country is as follows:- IMPORT OF TOTAL FINISHED STEEL ('000 tonnes) COUNTRY 2012-13 2013-14 2014-15 April-June 2015-16* ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ARGENTINA 2.1 0.5 0.82 0 AUSTRALIA 8.4 5.1 8.28 1.09 BAHRAIN 7.0 0.8 0.22 0.02 BANGLADESH 0.0 0.0 0 0 BELGIUM 168.2 94.8 126.13 30.9 BRAZIL 144.3 70.0 128.87 1.26 CANADA 34.7 18.1 7.31 0.87 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CHILE 0.1 0.1 0.02 0 CHINA 1688.2 1088.4 3600.42 723.16 DENMARK 3.5 1.0 4.78 1.02 DJIBOUTI 0.1 0.0 0 0.62 EGYPT 0.0 0.0 0 0 FINLAND 12.4 13.8 11.8 3.8 FRANCE 126.7 36.5 155.84 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 24.86 GERMANY 569.5 186.0 149.03 89.07 GHANA 0.0 0.0 0 0 HONGKONG 3.2 0.4 1.5 0.23 INDONESIA 5.5 2.3 14.41 83.8 IRAN 129.2 100.7 0 0 ITALY 83.1 25.2 54.95 8.29 JAPAN 1545.0 1355.7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1583.31 584.98 JORDAN 0.0 0.0 0 0 KAZAKHSTAN 14.1 8.1 8.93 0 KOREA 1576.7 1312.6 1874.93 602.56 KUWAIT 0.3 0.1 1.79 0 LEBANON 0.0 0.0 0 0 MACEDONIA 0.0 0.0 0 0 MALAYASIA 45.3 29.9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 95.99 17.7 NETHERLANDS 25.7 21.6 40.21 7.49 ROMANIA 10.4 26.2 11.14 0.5 RUSSIA 326.6 145.9 226.02 56.72 SAUDI ARABIA 41.0 47.8 4.19 0.26 SOUTH AFRICA 57.9 44.1 71.47 13.94 SPAIN 73.5 21.1 29.67 5.77 SR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I LANKA 0.3 0.2 0.12 0.01 TAIWAN 200.1 118.8 190.33 44.84 THAILAND 18.3 21.9 15.93 14.15 TURKEY 36.3 14.1 29.09 0.43 U.K. 63.3 28.0 30.26 9.2 UAE 41.1 19.6 34.14 11.55 UKRAINE 419.7 323.0 348.77 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 95.34 USA 116.8 79.3 120.12 17.46 Others 326.4 188.7 339.24 118.3 Total 7925 5450 9320 2570 Source: JPC; *prov Trend : There is decline of about 31 % in imports during 2013-14 and increase of about 71 % during 2014-15, as compared to previous financial year. The Minister of Steel and Mines Shri Narendra Singh Tomar provided this information in reply to a question in Lok Sabha today. ***** YSK/Uma - News - Press release ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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