JeffreyGeoffrey - China Automobile Expert-CNAUTO

NEW DELHI: Indian manufacturers hit by cheap Chinese imports have asked the government to raise the tariff on tire imports to 20 percent, on par with natural rubber, to level the playing field for the domestic industry. The Automotive Tire Manufacturers Association (ATMA), according to the pre-budget report, under various trade agreements, tires can be imported at 5% or even zero tariff, as is the case with inferior natural rubber. 20%. “For the success of the ‘Make in India’ campaign and promotion of domestic manufacturing, imports of finished products should be subjected to at least the same duty as taxes. The ATMA Raghupatiapatiitipatipa Singhania said: He added that while tires can be imported into India at preferential tariffs under various trade agreements, there is no corresponding preferential tariff for natural rubber as it is on the negative list of most trade agreements. Tires are probably the only finished product where the “tariff invers...

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Budget 2015: Tyre makers seek doubling of import duty