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India eliminates customs duties on import HDPE used for cables

by ChemOrbis Editorial Team -
  • 03/03/2015 (17:27)
According to market players in India, the government has eliminated customs duties on imports of HDPE materials to be used for cable production. Imports of all grades of HDPE had been subject to 7.5% customs duty prior to the most recent regulation. Players attributed the elimination of customs duties on HDPE used for cabling to a government initiative to encourage the production of LED light fixtures.

Meanwhile, the Indian government also reduced customs duties on VCM, EDC and styrene imports to the country from 4% to 2%, to be effective as of March 1, 2015.
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