Safeguard duty on electrical insulators from China to help BHEL, Aditya Birla Nuvo - Eastern Financiers

The government has imposed 35% safeguard duty on electrical insulators imported from China, a move that would help Aditya Birla Nuvo, BHEL and other domestic players battle cheap shipments.

The safeguard duty on certain insulators would be for a period of two years - 35% for first year and 25% in subsequent year, according to the Revenue Department.

The move follows recommendations for the imposition of the duty by the Directorate General of Safeguards (Customs & Central Excise).

Source : Equity Bulls

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