The government is considering for further import duty of 20 per cent on some paper products. The planning is aimed to guard domestic manufacturers like JK Paper, Ballarpur Industries and ITC from rise in imports of the product.
The Directorate General of Safeguards (DGS) under the Ministry of Finance has suggested imposition of safeguards duty, after domestic producers complained to it. These products include coated and uncoated paper, paper board and copy paper.
The domestic producers, who had complained, comprise around 80 per cent of the total production of the item. The domestic manufacturers told the DGS that the surge in imports of these products have impacted their sales, production and profitability. Imports of these products have been proceeding from China, Indonesia, Finland, Sweden, Germany and the US.
The Directorate General of Safeguards (DGS) under the Ministry of Finance has suggested imposition of safeguards duty, after domestic producers complained to it. These products include coated and uncoated paper, paper board and copy paper.
The domestic producers, who had complained, comprise around 80 per cent of the total production of the item. The domestic manufacturers told the DGS that the surge in imports of these products have impacted their sales, production and profitability. Imports of these products have been proceeding from China, Indonesia, Finland, Sweden, Germany and the US.
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