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Chemicals: Remove customs duty on LNG, Naphtha

Indian chemical industry has an output of around USD 80 billion and ranks 12th in the world. The chemical industry which includes basic chemicals and its products, petrochemicals fertilizers,......

Transportation costs of petrochemicals may go up

Budget provisionThe following changes in the duties have been proposed in the Union budget 2009-10:Excise duty on naphtha to be reduced to 14%.Excise duty on PTA and DMT to be increased from 4% to......

Chlor alkali: Select few will benefit

Some chlor alkali producers using naphtha as feedstock for captive power plant will benefit from cut in the excise duty on naphtha from 16% to 14%.Budget provisionsThe following changes in the......

Chemical sector seeks a slew of sops

Hike import duty on finished products; Rationalize excise Duty on Molasses to 8% ad valorem or Rs. 375/PMT and on Naphtha to 8%, cut corporate tax to 25%, service tax to 5%.Current statusChemical......

Extend tax holiday to refineries, govt told

Extend tax holiday for refineries in private sectors, reduce excise duty on Naphtha from 16%, exempt excise duty for captive consumption of intermediate products within the refinery for manufacture......
  Web results for Naphtha
MRPL plans to set up LNG Terminal at Mangalore port

MRPL, a unit of Oil and Natural Gas Corp (ONGC), will explore a possibility of setting up a fixed or landbased LNG import terminal as well as a... ...
Zuari Group may have 3 directors on board of UB-promoted MCFL

New Delhi: Zuari Group is set to gain representation on the board of Mangalore Chemicals and Fertilizers Ltd (MCFL) after gaining controlling stake... ...
Petronet drill to cut debt

New Delhi, Sept. 25 : Gas importer Petronet LNG will raise Rs 1,000 crore through bonds this fiscal to pay off costly debt. Petronet... ...
Match world LNG rate cut, India tells Qatar

India is seeking from its largest liquefied natural gas (LNG) supplier Qatar a cut in gas prices to match the 60 per cent slump in global rates in... ...
Nitin Gadkari

File Photo: Union Minister Nitin Gadkari New Delhi: Iran has offered to supply natural gas at $2.95 for a urea plant that India will set up at... ...

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