Author: Aditi Raj
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India: Import Duty on Japanese SS Scrap Reduces to Zero under FTA
In a notification dated 31 Mar’16, Indian government has scrapped out the import duty on stainless steel scrap under Free Trade Agreement (FTA). Earlier in 2015, the import duty on stainless steel scrap having HS-code 72042190 was 0.8%. In Aug ‘11, India had signed a FTA with Japan, under which the duty on most of…