AAI, secondary aluminium producers lock horns over import duty hike - Dealers Care

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Monday, 5 November 2018

AAI, secondary aluminium producers lock horns over import duty hike

The Aluminium Association of India (AAI), the apex body representing the entire spectrum of the sector, has refuted charges levelled by secondary producers that it was pressuring the government for increasing import duty on aluminium and scrap by giving wrong figures of shipments. The AAI -- which comprises primary producers, downstream manufacturers and R&D organisations -- has claimed to be working in line with 'Make in India' initiative for removing dependency on imports, saving USD 4.5 billion of forex outgo in FY2017-18 outgo. The secondary producers under umbrella body Aluminium Secondary Manufacturers Association (ASMA) and partners Material Recycling Association of India (MRAI) and the All India Non Ferrous Metal Industries Association (AINEMIA) have accused the Aluminium Association of India (AAI) of building pressure on the government to raise duty on aluminium and scrap by giving wrong import figures at the behest of a few key players to promote their business ...

from News https://ift.tt/2RB12Su

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