Budget 2026 metal sector expectations: MMTC-PAMP pushes for duty parity for refiners
India's precious metal refiners are urging the government to address duty disparities that disadvantage local operations compared to imported refined bullion. MMTC-PAMP highlights a mismatch in import duties, particularly through the SEPA route, impacting domestic refiners' competitiveness. The industry seeks policy support, including input-related benefits and wider duty differentials, to bolster India's refining capacity and global standing.
India's precious metal refiners are urging the government to address duty disparities that disadvantage local operations compared to imported refined bullion. MMTC-PAMP highlights a mismatch in import duties, particularly through the SEPA route, impacting domestic refiners' competitiveness. The industry seeks policy support, including input-related benefits and wider duty differentials, to bolster India's refining capacity and global standing.
