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Crisis looming over aluminium industry due to coal shortage
The recent decisions for stoppage of secured coal supplies and rakes for non-power sector is detrimental for aluminium industry and will jeopardise the sustainability as these continuous process-based plants are not designed for adhoc shutdown and start of operationsRead more
Indian aluminium industry seeks 5% RoDTEP rate for exports
Aluminium exports alone contributed about $ 5 billion to India’s Forex earning in FY-21, i.e. approximately 2% of India’s export basket and have massive potential to double the exports to the tune of $10 billion Forex earning in future, says Aluminium Association of India (AAI).Read more
Delay in notifying RoDTEP's remission rates hurting Indian aluminium exporters
The situation for exporters further aggravates with withdrawal of MEIS and till date the exporters are unable to avail the MEIS benefit for exports already made during FY-20 and FY-21 (Apr-Dec) due to blocking of online MEIS module for applying claims, said Aluminium Association of India.Read more
Raise basic custom duty on aluminum scrap to curb imports: Industry
As part of its Budget 2021 suggestions, the Indian aluminium industry has sought Government intervention to curb imports by raising the basic custom duty on primary aluminum and scrap imports to 10 per cent from current 7.5 per cent and 2.5 per cent respectively.Read more
AAI recommends increase in import duty on aluminium
Due to lack of policy support, 23 lakh tonnes of aluminium (ie, 58% of India's demand) were imported in India in FY19, resulting in a forex outgo of Rs 38,000 croreRead more