India's Union Budget proposes to re-impose a 5% import duty on naphtha. This proposal is a step in the wrong direction. It reverses a duty reduction granted two years ago from 5% to zero. Among all the petrochemical players in the country, this proposal will particularly affect Haldia Petrochemicals Ltd.
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Monday, March 03, 2008
Duty on naphtha in Union Budget to impact Haldia Petrochem
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