MRAI urges govt to remove import duty from aluminium scarp

Image
Press Trust of India New Delhi
Last Updated : Sep 27 2018 | 6:05 PM IST

Industry body MRAI Thursday has urged the government to bring the basic customs duty on import of aluminium scarp to zero from 2.5 per cent at present.

Material Recycling Association of India (MRAI), which represents the secondary aluminium players, also requested the government to take steps to improve availability of scrap in the country.

"Aluminium scrap is the key raw material of aluminium recycling industry. It is mainly used in alloy ingots, castings which are further used in the automobiles industry and Deox which are used in steel plant for deoxidation. The scrap is being heavily imported from outside the country which means there is a demand for it," MRAI President Sanjay Mehta said.

The body requested the government to take steps to address concerns of secondary aluminium industry, he said, adding "MRAI will also be submitting a memorandum with the DIPP Secretary next month".

"We make semi-products from scrap whereas semi-products are also entering India under FTAs (free trade agreements) and due these factors at times it becomes difficult for us to take out even our making cost," Mehta said.

MRAI represents over 1,200 members of the country's ferrous and non-ferrous metals recycling industry.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 27 2018 | 6:05 PM IST

Next Story