Power cos seek cheaper imported coal via duty cuts
Power producers have sought the government's intervention to ensure cheaper coal for their use. In the recent meeting with the prime minister, power producers sought the removal of 5% customs duty and 5% CVD on imported coal.
January 31, 2012 / 09:47 IST
Power producers have sought the government's intervention to ensure cheaper coal for their use.
In the recent meeting with the prime minister, power producers sought the removal of 5% customs duty and 5% countervailing duty (CVD) on imported coal. They also sought removal of the 26% profit share for coal mining, arguing that it will put an extra burden on coal prices.The demands were raised at the same meeting where the PM set up a committee headed by his principal secretary Pulok Chatterji to address the issues faced by the sector.
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