Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India's aluminium scrap import rises over 22% in April-October: AAI.


Date: 31-12-2018
Subject: India's aluminium scrap import rises over 22% in April-October: AAI
NEW DELHI: India's aluminium scrap import jumped 22 per cent to 7,73,000 tonne during April-October this fiscal, according to industry body AAI which has demanded higher import duty on the metal to protect domestic players. 

The import of aluminium scrap was 6,32,000 tonne during the same period of 2017-18, the Aluminium Association of India (AAI) said in its latest report. 

"During April-October of financial year 2018-19, the import of aluminium scrap was 22 per cent up at 7,73,000 tonne from 6,32,000 tonne in April-October of 2017-18. We had already requested the government to increase the duty on imports of aluminium scrap and apprised the government that Indian aluminium sector may become a victim of escalating trade war between the US and China," the AAI report said. 

On March 8 this year, US President Donald Trump imposed a 25 per cent tariff on steel imports and 10 per cent on aluminium. 

Later, China also announced 25 per cent import duty on various US goods and commodities, including aluminium scrap. 

The report further said the local aluminium industry is facing immense threat in the wake of ongoing trade tiff between the two major economies -- the US and China. 

It said that India is a natural market and the affected countries are dumping aluminium into India and the US is diverting large volume of scrap to India since EU and other countries have stringent standards for scrap. 

In July, the AAI had apprised the Department of Industrial Policy and Promotion (DIPP) of the situation which could arise in future.

An AAI delegation had urged the government to increase the duty on imports of aluminium scrap, saying the domestic players may become a victim of escalating trade war between the US and China. 

Besides the AAI, various industry bodies and agencies like Assocham and S&P Global Ratings had also raised concerns that India may become the victim of escalating trade war between the two economies as the countries exporting to these nations may start dumping their products into India. 

The association said it request the government to safeguard the interest of the local aluminium players, the duty on both primary aluminium and aluminium increased to 10 per cent, in line with other non ferrous metals like copper, zinc, lead nickel, tin etc. 

On Wednesday, Union Minister Suresh Prabhu has said that the commerce ministry is in favour of hiking import duty on aluminium with a view to support domestic manufacturers.

"That is a proposal to protect our domestic industry. The proposal is under examination and we support the proposal," Prabhu told PTI. 

The minister said there has been a complaint by aluminium industry about dumping of the commodity. 

Earlier, Union Steel Minister Chaudhary Birender Singh had also said that the tariff imposed by the US can indirectly affect the domestic steel sector. 

Source: economictimes.indiatimes.com


Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001