PHDCCI seeks zero duty on LNG, naphtha and key feedstocks
In short
PHDCCI has asked for zero duty on LNG, naphtha and other key feedstocks in the Budget.
It also wants lower customs duty on petroleum coke for aluminium makers and the current steel scrap duty setup to continue beyond March 2028.
What the reporting says
PHDCCI has sought zero duty on LNG, naphtha and key feedstocks in the Budget, according to a Business Standard summary. The industry body also wants lower customs duties on petroleum coke used in aluminium production and the existing steel scrap duty framework extended beyond March 2028. The proposal is aimed at reducing input costs for industry, but no government decision is reported.
Why it matters
PHDCCI has sought zero duty on LNG, naphtha and other feedstocks in the Budget, and has also asked for lower customs duty on petroleum coke used in aluminium production plus an extension of the current steel scrap duty framework beyond March 2028. The request could affect input costs for energy-intensive industries if accepted. The source is a summary of the industry body's demand, not a policy announcement.