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India Forms Panel to Curb Aluminium Import from China

Metal News - Published on Tue, 30 Jun 2020

Image Source: Aluminium Import India Chine Spat
stom duty of 2.5 percent.
CNBCTV18 reported that India has started mulling measures to reduce import of aluminium amid a spike in shipments of the metal from China. India’s Ministry of Mines has constituted an Inter-Ministerial Committee to analyze import curbs in aluminium and also propping up the domestic smelters of the metal to substitute overseas supply. The move comes amid rising border tensions between the two emerging Asian economies even as government departments in New Delhi are discussing possible measures to restrict cheap and low quality Chinese imports.

More than 60 percent of India’s aluminium demand is met through imports and China contributes 16 percent to the import basket of the metal. In FY19, aluminium imports from China grew 58 percent at 380 KT vs 238 KT in FY18. Other countries that supply the metal to India include the US, Malaysia, the UK & the UAE.

Aluminium Association of India has suggested the government to impose 12.5 percent import duty on secondary aluminium products. The industry has also suggested an increase in basic customs duty on primary aluminium import to 10 percent from 7.5 percent. Similarly, a hiked customs duty at 10 percent has been sought for aluminium scrap and waste, which has seen an unprecedented surge in imports due to the low cu

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Posted By : Yogender Pancholi on Tue, 30 Jun 2020
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