Commercial Ministry to Hike Import Duty on Aluminium
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Commercial Ministry to Hike Import Duty on Aluminium

Currently, the basic customs duty on aluminium scrap and primary aluminium is 2.5 percent and 7.5 per cent, respectively.Besides this, domestic players have also urged to impose minimum import price and some kind of quota on the imports for the user industry.

Total production of aluminium in India is about 4 million tonnes and consumption is about 3.6 million tonnes.The demand comes in the wake of the US imposing 10 per cent duty on certain aluminium products. China  too has raised the duties. All these industries are growing in India and the country is producing sufficient amount of the required metal domestically, an industry expert has said.As per estimates, during the first quarter of the current fiscal, imports of aluminium scrap increased to 36,000 tonnes from 16,000 tonnes.

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