Revenue loss due to customs duty rationalisation in iron, steel and plastic seen at Rs 10K-15K cr.
The government is expecting a revenue loss of Rs 10,000-15,000 crore as a result of the recent customs tax recalculation on iron and steel and plastic. With effect from May 22, it abolished customs duties on the import of some raw materials needed by the steel industry, lowering costs for the domestic industry and

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