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Excise duty on coal to increase cement prices..

Created by : Anjali Sinha, Construction-Heavy, Sobha Developers  | 03 01 2011 11:35:34 +0000
Industry : Cement
Keywords : construction production cement coal excise duty
Activity:  411 views;  last activity : 03 06 2011 14:45:00 +0000

There is 1% hike in excise duty on coal in the budget 2011-12.
It will be adding to the cost of coal and increased coal price. The prices of A and B grade coal have already increased by more than 100 percent in recent times. Price rise in rest of the coal categories is about 30 percent. Now there will be more to it because price will go high further. How badly will it effect cement prices??

  
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Excise duty always have impact in basic price rate,we are afford to such increase of rate especially for building material like cement,it should be less as comparable,Now a days our govt is calculating in dollars they forgotten Indian rupees
By VIMALAN , Construction-Construction Management, PARSVNATH DEVELOPERS LTD  | 03 06 2011 14:45:00 +0000
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I don't think it will effect the cement industries or general people, because we are used of such tipes of hike regularly, i thanks our FM that he kept the % low as 1%.
By Ajit Singh, Sr. Engineer- Projects  | 03 01 2011 12:38:55 +0000
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If a company uses B grade coal for cement production then too 1% hike can mean hike of some 10 rupees per bag of cement, which will be remarkable compoundedly.
By Anjali Sinha, Construction-Heavy, Sobha Developers  | 03 01 2011 11:35:34 +0000
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If you look it as a whole , then this hike would be remarkable & directly affects to pricing per sq.ft. to the end user / customer.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 03 01 2011 13:02:57 +0000
Argue for "Hike won't be more"
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