ENA Sectors 2022-09-07 12:19:29 <p><span style="font-size:14px"><strong>New Delhi, Sept 7 (KNN)</strong> The government might soon revise levies on steel exports and bring down taxes on some products.</span></p> <p><span style="font-size:14px">It is likely that the government may withdraw the tax on other steel products, as reported Live Mint.</span></p> <p><span style="font-size:14px">This year on May 22 taxes on steel exports were imposed to allow the steel industry to tap overseas markets amid declining domestic demand.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">After 3 months the government is looking into its revision.</span></p> <p><span style="font-size:14px">Owing to several representations from the steel industry in June, the Steel Ministry has taken up the issue with the Finance Ministry.</span></p> <p><span style="font-size:14px">Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri said, We have received representations because there has been a change in price trends. They are under examination.</span></p> <p><span style="font-size:14px">According to Live Mint, 15 per cent export duty on some steel products might be halved or abolished for some products.</span></p> <p><span style="font-size:14px">Before deciding to revise export levies the ministry asked for more data from industry to complete its analysis. <em><strong>(KNN Bureau)</strong></em></span></p> 30461 https://knnindia.co.in/news/newsdetails/sectors/govt-likely-to-ease-exports-curbs-on-steel 2022-09-07 12:19:29 knnindia.co.in