Aluminium user industries call for rationalisation of Customs Duty
Downstream aluminium manufacturers in India are urging the government to rationalize the 7.5% Customs Duty on primary aluminium. They argue that high input costs are hindering the competitiveness of MSMEs and limiting the sector's growth potential.
Why it matters
Adjusting trade duties could significantly impact the manufacturing ecosystem and the financial viability of small-scale industries in India.
The user industry of primary aluminium has urged the Union government to rationalise the Customs Duty. India is the world’s second-largest producer of primary aluminium, which accounts for almost 80% of production costs for downstream manufacturers.
The article presents the industry's request for policy change while maintaining a neutral reporting stance.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in