Import duty reduced on PVC
News: The government has reduced import on PVC from 10% to 7.5%
Views: The imported components (assuming it is majorly PVC) is 35% of the total raw material consumed by the PVC pipe manufacturer. The import duty cut of 2.5% on PVC will effectively reduce the cost by less than 1%. We believe, it is not going to affect materially on the margins of the piping companies as the domestic sourcing still is a larger share.