PHDCCI seeks zero duty on LNG, naphtha, key feedstocks in Budget
Executive Brief • Key Highlights
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- ✓PHDCCI sought zero customs duty on LNG, naphtha, and petroleum feedstocks in Budget 2027-28.
- ✓Anil Gupta said, "Strengthening India's manufacturing competitiveness requires a comprehensive approach to reducing the cost of critical industrial inputs." The industry body submitted these recommendations on Tuesday to help lower manufacturing costs and improve global competitiveness.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
PHDCCI has sought zero customs duty on LNG, naphtha and petroleum feedstocks in Budget 2027-28 (Representative image from file)
The PHD Chamber of Commerce and Industry (PHDCCI) has proposed eliminating basic customs duty (BCD) on liquefied natural gas (LNG), naphtha and certain heavy petroleum feedstocks, while seeking lower duties on petroleum coke used in aluminium manufacturing, as part of its pre-Budget recommendations for 2027-28.
The industry body has also called for the continuation of the existing customs duty framework on steel scrap beyond March 2028, arguing that competitive access to critical industrial inputs is essential to lowering manufacturing costs and improving India's global competitiveness.
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