IPMA wants 5% hike in paper import tariff

Written by Economy Bureau | Thiruvananthapuram | Updated: Dec 31 2008, 06:54am hrs
Peak rates of basic customs duty on import of paper and paper boards should be hiked from the current 10% to 15%, according to Indian paper industry. China has reportedly re-introduced export incentive recently, points out Indian Paper Manufacturers Association (IPMA).

In its pre-budget representation to the finance ministry, IPMA has also reiterated request to disband multiplicity in DEPB rates as an analogy to custom duty-rationalisation.

In view of global meltdown the Asian paper market has become very vulnerable and major players in Indonesia and China are all set to push large quantities of coated and uncoated wood-free grades of paper into the Indian paper market, says R Narayan Moorthy, Secretary General, IPMA. After protests from global players, China had earlier withdrawn its export-incentive. Now this is reportedly re-introduced.