The Indian aluminium industry is going through a challenging phase and is under immense threat by rising imports, declining domestic market share, increasing production and logistics costs. The Indian aluminium industry seeks immediate government support to tide over this challenging phase and look forward for supportive measures in the forthcoming Union Budget 2021-22.
The Association has urged for increase in basic custom duty on aluminium scrap at par with primary metal to proposed 10 per cent, as in line with other non-ferrous metals like copper, zinc, lead, nickel, tin etc. It also asked for elimination of cess on coal (GST Compensation cess of Rs 400/MT) to support highly power intensive industries like aluminium. The industry has also sought reduction in basic custom duty and correction of inverted duty structure on critical raw materials for aluminium industry value chain like aluminium fluoride and coal tar pitch.
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