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Import duty exemption on naphtha being sought by Indian polymer industry
Thursday, 19 March 2009 02:06
NEW DELHI: With polymer makers facing a slump in demand and pressure on margins, the Department of Chemicals and Petrochemicals under the Ministry of Chemicals and Fertilzers has sought five per cent import duty exemption on naphtha, used in making the chemical compounds stating that the import duty had added to the cost of production of companies like Haldia Petrochemicals, Reliance Industries and Indian Oil Corporation despite a dip in polymer prices.
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