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Govt considers cutting tax on LNG imports from the US: Report
short by Shristi Acharya / on Saturday 29 March, 2025
The Centre is considering scrapping import tax on US liquefied natural gas (LNG) to boost purchases and help cut the trade surplus, Reuters reported. India currently imposes a 2.5% basic customs duty and an additional 0.25% social welfare tax on LNG imports from US. Indian Oil and other companies are in talks with US firms to source more LNG.
read more at Reuters