Aluminium industry pleads for increase in import duty of aluminium scrap

Aluminium industry is lobbying with Centre government to increase import duty on aluminium scrap to 10 per cent from 2.5 per cent. In its pre-Budget memorandum to the Government, the Aluminium Association of India has also demanded rise in primary aluminium import duty from 7.5 per cent to 10 per cent. Currently, the customs duty difference of five per cent between the primary aluminium and scrap has led to 56 per cent rise in scrap imports, threatening the survival of aluminium producers in India.

Aluminium scrap imports have risen seven per cent to 9.31 lakh tonnes last fiscal. In the first half of this fiscal it has already touched 5.41 lakh tonnes and on an annualised basis it is expected to hit 10.82 lakh tonnes in FY18.

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