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It said, "the levy of duty would have limited impact as majority of steel (around 62%) is imported from FTA countries at nil duty and any duty hike will not have any impact on these shipments".

The report mentioned that a large portion of steel imports--around 62 per cent--comes from countries with which India has Free Trade Agreements (FTAs) so imports from these countries will have limited ...

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Show Full Article It said, “the levy of duty would have limited impact as majority of steel (around 62 per cent) is imported from FTA countries at nil duty and any duty hike will not have any impact ...