Domestic aluminium industry seeks reduction in basic custom duty on critical raw materials
The Hindu
Aluminium Association of India has also requested an increase in tariff rate of basic custom duty for aluminium and articles from 10 to 15%.
The domestic aluminium industry has sought reduction in basic custom duty and correction in inverted duty structure on critical raw materials, including pet coke, caustic soda, aluminium fluoride and alumina, to encourage cost competitiveness in the sector.
The domestic aluminium industry, under representation from the Aluminium Association of India (AAI), has sought immediate government support through the forthcoming Union Budget 2022-23.
It has also requested an increase in tariff rate of basic custom duty for aluminium and articles from 10 to 15% in line with the steel sector, according to pre budget expectations from the AAI.
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