A four-member Ministerial committee to look into the issue of rising steel prices is set to suggest a package of "revenue neutral measures" aimed at taming domestic steel prices. Briefing reporters after the meeting the Steel Minister, Mr Ram Vilas Paswan, said that the Finance Minister has assured excise duty cut from 14 per cent to 8 per cent on steel and removal of 14 per cent Countervailing Duty (CVD) steel imports if the loss of revenue is made good through export duties.
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