Manufacturers say the FOB price of imported logs has risen over 50% in a short time and comes at a time when the rupee remains weak which adds to the landed cost of imported logs.
India: Import duty on logs a burden to industry
Indian wood product manufacturers have, once again, pleaded with the central government to remove import duties on timber raw materials and to deliver incentives to exporters such as a reduction or complete waiver of the value added tax. The current import duty on logs is 9.4%.
Dec 24, 2014. /Lesprom Network/. Indian wood product
manufacturers have, once again, pleaded with the central government to remove
import duties on timber raw materials and to deliver incentives to exporters
such as a reduction or complete waiver of the value added tax. The current
import duty on logs is 9.4%, ITTO reported.