ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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We Propose, They Propose, Israel Rejects

went up to Rs 5,010 per tonne. In April 1967, the excise duty on aluminium was enhanced to Rs 1,020 per tonne and the main producers were asked to absorb the additional excise. However, on representations made by them, the duty to be absorbed by the manufacturers was reduced to Rs 245 per tonne and they were allowed to pass on the balance to consumers. Accordingly, Hindal reduced the basic price to Rs 4,405 per tonne. After adding the excise duty, the conductor manufacturers have to pay, at present, Rs 5,425 per tonne. The prices charged by Indian Aluminium have also undergone similar changes, but have been lower than those of Hindal by Rs 300 to Rs 400 per tonne.

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