Report of the Indian Tariff Board on the Grant of Protection to the Wire and Wire Nail Industries

It was then held The previous protective duty withdrawn in 1928.y the Board that the industry satisfied the conditions laid down by the Fiscal Commision on the assumption that the wire rod required for the manufature of wire would be produced in sufficient quantities by the Tata Iron and Steel Company. [...] On the recommendation of the Tariff Board the Government with the sanction of the Legislature withdrew the protective duty on wire and wire nails from 1st April 1928 and reimposed in its place the revenue duty.3 3. On the liquidation of the Indian Steel Wire Products Limited the entire assets of the Company were assigned to the trustees of the debenture holders who sold Gum& for present' them t [...] With regard to the quantity of billets which may be spared for the manufacture of wire the Steel Company in their written evidence stated that the Company would be in a position to supply about 50 000 tons of billets during the next twelve months which apprximately corresponds to the requirements of the Indian Steel and Wire Products if the rod mill works to full capacity. [...] The Indian Steel and Wire Products were purchased by the present proprietor at a time when the report of the Tariff Board on the continuance of protection for the Wire and Wire Nail industry was still under consideration by the Government of India. [...] We have received evidence from dealers in.the course of the present enquiry that a certain difference between the prices of wire and of nails was generally observed in the market but that the extent of the difference depended on the conditions of the market for each product.