MOIL Ltd Seeks Fivefold Rise in Import Duty on Manganese

Daily News & Analysis reported that MOIL Ltd. (BOM:533286) is looking to curb oversupply of manganese with an increase to import duties.

The market news is quoted as saying:

This will help the company in fighting an aggressive set of importers who are easily bringing the ore into the country due to a very low import duty of 2% and flooding the market with oversupply, said KJ Singh, chairman and managing director, MOIL.

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