67.87
It is good to note that the Excise duty rates on Steel related products have not been increased from present 8.24% it will help in demand to grow in the country under these trying times. However no change in the policy, on restriction to be removed on Flat Steel import is a negative aspect as this will create & increase the imbalance in the prices of steel in the domestic market. Removal of FBT is a welcome step which will help eliminating the cumbersome procedure to keep a track of figures under this head. No initiative to boost Exports to steel product related industries is a cause of worry and hope that the forthcoming Exim policy will take steps to help the declining figures of exports.
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