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

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COAL INDUSTRY-Poor Management of Capital

November 1986 from 115 per cent ad valorem to 135 per cent. Including the countervailing duty, the total levy on copper works out to a hefty 155 per cent. Only a year earlier, the import duty on lead and zinc was raised sharply to 125 per cent ad valorem. After adding the countervailing duty, the total levy works out to 165 per cent on zinc and 145 per cent on lead. Since the duty is on ad valorem basis, every rise in the basic price of the metal leads to a sharp escalation in the cost to the user-industries. For instance, the copper price on London Metal Exchange (LME) has gone up to

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