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Govt to review duty cuts as oil prices ease
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| The decision to reduce customs and excise duties on petro products is a temporary measure and may be reviewed when global crude prices decline. The reduction in tariffs has resulted in negative protection'to liquefied petroleum gas and kerosene as ... |
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Aug 20, 2004 03:07:06 |
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118 ( -18 -15.25% ) | | Author | Hindustan Times |
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| Similar news: | - Govt. to unveil duty cuts on petro products tomorrow - New Delhi, Aug 17. (PTI): Concerned over the surging global crude oil prices and inflation, Finance Minister P Chidambaram will announce duty cuts on petroleum products tomorrow as part of the fiscal measures to check the price level.
- Petrol, diesel duty-cut gets govt nod - The government on Wednesday slashed customs duties on petrol and diesel by 5.0 per cent while cutting excise duties by 3.0 per cent, as part of efforts to check inflation that crossed 7.6 per cent.
- Govt. cuts duty on steel in bid to curb inflation - New Delhi, Aug 20. (PTI): Close on the heels of slashing duties on petroleum products, government today cut customs duty on steel products, sacrificing Rs 305 crores in the current year, as part of fiscal measures to contain inflation, now inching towards
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