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Kolkata, May 23 The Engineering Export Promotion Council (EEPC) has urged the Centre to clarify the ITC HS codes on which export duty has been levied on iron and steel items.

In a statement, the EEPC Chairman, Mr Rakesh Shah, has said the council had earlier requested the Government of India to impose export duty on primary steel products and raw materials as China had done in order to stabilise prices of raw materials required by the engineering industry.

This would benefit the engineering goods exporting community, EEPC had stated.

The Centre issued a notification in this regard on May 10, and export duty in the range of 5-15 per cent was levied on 15 engineering items.

EEPC has contended that the notification has been “badly drafted’ since it describes only the goods but not the respective ITC HS code classifications.

This has led to duties being imposed even on value-added items, when the Government’s intention was to stabilise the prices of primary steel products like billets and pig iron.

This, in turn, has affected engineering goods exports.

More Stories on : Excise and Customs | Steel | Exports & Imports

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