Indian aluminum producers seek increase in import tariffs
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Update time : 2021-01-26 16:39:05
Indian domestic aluminum producers have urged the government in the Budget for 2021-22 to raise the import duty on primary aluminum and aluminum scrap to 10% from the current 7.5%-2.5%, so as to curb the increase in imports.
Besides, they were also seeking an elimination on GST compensation cess of around Rs 400/ton on coal, in order to support the development of high-power-consuming industries, such as the aluminum industry.
Indian aluminum producers pointed out that 60% of the domestic aluminum demand depended on imports even though India has sufficient production capacity itself.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
