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Re CLOSES UNCHANGED

Article Abstract:

The spot rupee remained unchanged at 42.25/26 against the US dollar on October 28, 1998. The rupee closed at the same rate as on October 27, 1998. This is attributed to a steady supply of dollars and buying by the State Bank of India. In the forward market, the six-month forward premia increased to 7.40 percent per annum against the previous close of 7.12 percent per annum. (gs)

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998

United States, Marketing procedures, Exchange Rates, International economic relations, Foreign Exchange Dealers, Commodity Contracts Dealing

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IMPORT DUTY ON PTA, MEG CUT TO 33.4%

Article Abstract:

The import duty on purified terephthalic acid (PTA) and mono ethylene glycol (MEG) has been reduced from 36.1 percent to 33.4 percent while the net revision in excise duty is from 18 percent to 16 percent. The net impact on the imported products will be a downward revision of 5.8 percent on its landed price. (khr)

Comment:

The import duty on purified terephthalic acid (PTA) and mono ethylene glycol (MEG) has been reduced from 36.1 percent to 33.4 percent while the net revision in excise duty is from 18 percent to 16 percent.

Publisher: Bennett, Coleman & Co. Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999

All Other Basic Organic Chemical Manufacturing, Taxes, Industrial Organic Chemicals, Cyclic Crude and Intermediate Manufacturing, Terephthalic Acid, Glycol Triethers, Polyethers

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Subjects list: India

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