thermal coal into india

Indian thermal coal importers facing customs duty issue
Coal Guru 18/02/13 -Reported that Indian customs authorities have started denying coal importers a duty concession they were granted in last year’s budget and have issued notices to them. The report said that the issue stems from the interpretation of the exemption, which was granted specifically to steam coal. Customs authorities have taken the view that the coal being imported for power generation is not steam coal but bituminous coal and therefore liable for higher duty than the concessional duty of 1% announced in last year’s budget. Customs duty on bituminous coal is 55%.