(PTI)
Union Steel Minister Dharmendra Pradhan said the Finance Ministry has been requested to implement the proposed Border Adjustment Tax (BAT) to provide local manufacturers a level-playing field. The proposed BAT would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.
The Indian industry has been complaining to the government about domestic taxes like electricity duty, duties on fuel, clean energy cess, mandi tax, royalties, biodiversity fees that get charged on domestically produced goods as these duties get embedded into the product. But many imported goods do not get loaded with such levies in their respective country of origin and this gives such products price advantage in the Indian market.
