PTI
Commerce and Industry Minister Piyush Goyal on Thursday indicated that India is mulling a domestic tax option on certain sectors and using that levy to support the green energy transition to deal with the European Union’s carbon tax.
He also said the European Union’s decision to impose carbon tax on certain sectors like steel is “ill-conceived” and it would impact the manufacturing sector of the EU.
“I think in one of those days they (EU) will themselves realise and they will have to drop this CBAM… it is ill-conceived and has not addressed the entire issue correctly and fairly,” Goyal said here at a function.
