Glass makers want scrapping of import duty on soda ash
The All India Glass Manufacturers' Federation expects that the upcoming budget would scrap the 7.5 percent customs duty on soda ash, which constitutes 30 percent of the cost of production.
“Higher cost of inputs like soda ash is one of the major factors contributing to higher cost of glass bottles. There are few major manufacturers of soda ash in India. They rule the market by fixing prices in line with the landed cost of imported soda ash ,” AIGMA spokesperson Sanjay Jain said here.
Scrapping of customs duty would reduce the landed cost of soda ash which would result in bringing down the prices by indigenous manufacturers. “The custom duty on imports of soda ash is 7.5 per cent now. It should be abolished,” Jain said, according to a June 28 report in The Hindu Business Line.