Indian considers safeguard duty for Aluminium

INDIA June 10 2016 4:27 PM

MUNMAI (Scrap Register): Indian government is considering to impose an anti-dumping duty or a safeguard duty on aluminium products.

The Indian aluminium industry has been lobbying to the commerce ministry for benefits similar to those imposed for the steel industry in the country to check cheap imports in the sector.

The Aluminium industry approached commerce ministry after the finance ministry decided against the safeguard duty.

Safeguard duty is a WTO-compatible temporary fiscal measure to protect a country’s domestic industry from cheap imports.

China and West Asia are dumping aluminium – China as its industry is heavily subsidised and West Asia as power is very cheap there. Electricity accounts for almost 40% of the total production cost.