Aluminium Scrap Import

Aluminium recyclers are happy that scrap is spared any extra customs duty burden

In Q1 of FY20, the country's GDP growth touched a six-year low of 5%

Imports of aluminium scrap into India are growing unabated, helped by a benign duty of 2.5 per cent and fuelled by US-China trade tensions

In a latest step to protect its indigenous aluminium smelting industry, China has classified 'aluminium scrap' under its Restrictive Import list

Government wants to promote scrap recycling as an ecofriendly step