India's auto parts industry is hoping for duty concessions on raw materials and an increase in
customs duty on imported products in the federal budget in July, industry officials and analysts
said.
"From an industry perspective everyone would like customs duties to be lowered as much as
possible on the raw material side. That will help the industry to become more cost competitive,"
said Pankaj Mital, Chief Operating Officer of auto parts maker Motherson Sumi Systems Ltd.
Customs duty on most steel items as well as copper, key imports for auto parts industry, is
currently around 5 percent
Source:http://in.news.yahoo.com/137/20090630/744/tbs-auto-parts-sector-seeks-more-duty-cu.ht
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customs duty on imported products in the federal budget in July, industry officials and analysts
said.
"From an industry perspective everyone would like customs duties to be lowered as much as
possible on the raw material side. That will help the industry to become more cost competitive,"
said Pankaj Mital, Chief Operating Officer of auto parts maker Motherson Sumi Systems Ltd.
Customs duty on most steel items as well as copper, key imports for auto parts industry, is
currently around 5 percent
Source:http://in.news.yahoo.com/137/20090630/744/tbs-auto-parts-sector-seeks-more-duty-cu.ht
ml
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