-
Jul 04, 2015
-
Food Ministry proposes 10% duty to curb cheap wheat imports
After reports that private traders in South India had begun importing wheat, the Food Ministry has forwarded a proposal to the Commerce Ministry seeking a 10 per cent import duty on the foodgrain to curb cheaper imports.Wheat is available in the domestic market for Rs. 18.50/kg, while the imports, mainly from Australia, are pegged at Rs. 17/kg. There is no import duty on wheat at present.
Source -
http://www.thehindubusinessline.com
|