Budget 2024: Aluminium makers urge govt to up import duty on scrap to 7.5%

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Budget 2024: Aluminium makers urge govt to up import duty on scrap to 7.5% - Business Standard

Quick Summary:

AAI has also called for maintaining the duty on primary aluminium imports at the current rate of 7.5 per cent or a marginal rise to 10 per cent, encompassing downstream products as well, in order to protect the domestic market from inundation of cheap imports.

In its representation to the finance minister, the Aluminium Association of India (AAI) has asked the government to control imports by fixing scrap import duty at par with that on primary aluminium, i.e.7.5 per cent.

They have also sought maintaining the duty on primary aluminium imports at the current rate of 7.5 per cent or a marginal rise to 10 per cent.