Aluminium Association urges centre to increase import duty on Aluminium scrap
MUMBAI (Scrap Register): The Aluminium Association of India (AAI) has urged the government to increase the duty on imports of Aluminium scrap as the domestic sector may become a victim of raising trade war between the US and China.
An estimated 30 percent of China's Aluminium scrap imports come from the US and recently China has announced its intent of imposing 25 percent import duty on the metal from America.
The import duty in India on Aluminium scrap is currently only at 2.5 percent, thereby making it a viable alternative for US exports. As a precautionary measure AAI wants the duty on both Aluminium scrap and primary metal to be raised to 10 percent.
In this regard, a delegation of the association met the Department of Industrial Policy and Promotion (DIPP) Secretary recently and apprised him about the situation which could arise in future.