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Pre Budget WishList News

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(22 Jul 2024, 15:07)

ATMA seeks duty free imports of natural rubber to meet domestic demand-supply gap

The Automotive Tyre Manufacturers' Association (ATMA) has noted that there is a need to restrict import of waste tyres into India, saying the country is becoming a 'dumping ground' for scrap tyres. The import of waste/scrap tyres into India has increased by more than five times since FY20-21. Such indiscriminate import of waste/scrap tyres is not only an environmental and safety concern but also undermines the very purpose of Extended Producers Responsibility (EPR) Regulation on Waste Tyres which is in place since July 2022. ATMA also sought duty free imports of natural rubber (NR) to the extent of domestic demand-supply gap in the country.
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