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Budget 2020 - Aluminium Association of Seeks Customs Duty Hike on Aluminium Imports-The 21st China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
3/3/2020 压铸展-铸造展- Die-casting expo-foundry expo |
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Aluminium Association of India has written to the Prime Minister for increase in customs duty on import of aluminium, claiming that Aluminium Secondary Manufacturers Association has misrepresented facts and shown AAI in poor light in its recent appeal to the Prime Minister. AAI said "As the legitimate voice of the industry, AAI takes strong objection to the advertorial issued by Aluminium Secondary Manufacturers Association, Material Recycling Association of India and All India Non Ferrous Metal Exim Association as their advert is rife with factual errors and misrepresentation of data. We are hereby appealing to all our esteemed stakeholders in the country to ignore such malicious attempts by associations which do not speak for the entire industry and which are attempting to create an environment where long-term objectives are being undermined for short term gains.
AAI said “India has become a dumping ground of aluminium and scrap due to global trade war as US imposed 10 per cent import duty on aluminium, and China imposed 25 per cent duty on US scrap, and also classified scrap in restricted import list with plan to completely ban all scrap imports by 2020, resulting in diversion of global scrap supply chain towards India.”
In a recent advertisement, ASMA, which claims to represent small and medium aluminium downstream product manufacturers, appealed to Prime Minister saying that AAI at the behest of two giant private aluminium producers is pressuring the Centre to increase customs duty on aluminium metal and scrap? ASMA claims that if implemented, the customs hike would be a big blow to over 3,500 small industries involved in the manufacturing of aluminium downstream products.
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