AAI Pushes for 10% Duty on Aluminium Scrap Imports

03 Nov 2023 CW Team

Aluminium is extensively used in the aviation industry, particularly in aircraft components, due to its lightweight and high-performance properties. As a result, the AAI is concerned that the high rate of aluminium scrap imports may negatively impact the domestic recycling sector.

The AAI argues that imposing an import duty on aluminium scrap will help create a level playing field for domestic recycling companies, who are struggling to compete with low-priced imported scrap. The authority believes that such a measure will not only foster growth in the domestic recycling industry but also strengthen its supply chain.

India is one of the largest importers of aluminium scrap, with the demand primarily driven by the booming automobile and construction sectors. However, this heavy reliance on imports carries sustainability and economic concerns. By incentivizing the recycling of aluminium scrap within the country, the AAI aims to promote environmental sustainability and encourage the development of a self-sufficient aluminium recycling industry.

The imposition of a 10% import duty on aluminium scrap would not only raise revenue for the government but also provide a much-needed boost to domestic recycling businesses. This move aligns with the government's vision of the Atmanirbhar Bharat (Self-Reliant India) initiative, which aims to reduce dependence on imports and strengthen domestic industries.

Several industry bodies, including the Aluminium Association of India, have expressed support for the AAI's proposal. They believe that the imposition of an import duty will enable domestic recycling companies to compete on a level playing field, leading to increased job creation and technological advancement in the sector.

However, the proposal has also faced opposition from certain quarters. Critics argue that an import duty on aluminium scrap may lead to an increase in the price of aluminium products, which could adversely impact businesses and consumers alike. They advocate for other measures, such as the promotion of research and development activities, to boost the domestic recycling industry.

In conclusion, the AAI's call for a 10% import duty on aluminium scrap aims to safeguard the interests of the domestic aluminium recycling industry. Such a move would not only spur growth in the sector but also contribute to India's goal of becoming self-reliant and environmentally sustainable.

The Airports Authority of India (AAI) has requested a 10% import duty on aluminium scrap in a bid to protect the domestic aluminium recycling industry. The move aims to encourage the recycling of aluminium scrap within the country and reduce reliance on imports. Aluminium is extensively used in the aviation industry, particularly in aircraft components, due to its lightweight and high-performance properties. As a result, the AAI is concerned that the high rate of aluminium scrap imports may negatively impact the domestic recycling sector. The AAI argues that imposing an import duty on aluminium scrap will help create a level playing field for domestic recycling companies, who are struggling to compete with low-priced imported scrap. The authority believes that such a measure will not only foster growth in the domestic recycling industry but also strengthen its supply chain. India is one of the largest importers of aluminium scrap, with the demand primarily driven by the booming automobile and construction sectors. However, this heavy reliance on imports carries sustainability and economic concerns. By incentivizing the recycling of aluminium scrap within the country, the AAI aims to promote environmental sustainability and encourage the development of a self-sufficient aluminium recycling industry. The imposition of a 10% import duty on aluminium scrap would not only raise revenue for the government but also provide a much-needed boost to domestic recycling businesses. This move aligns with the government's vision of the Atmanirbhar Bharat (Self-Reliant India) initiative, which aims to reduce dependence on imports and strengthen domestic industries. Several industry bodies, including the Aluminium Association of India, have expressed support for the AAI's proposal. They believe that the imposition of an import duty will enable domestic recycling companies to compete on a level playing field, leading to increased job creation and technological advancement in the sector. However, the proposal has also faced opposition from certain quarters. Critics argue that an import duty on aluminium scrap may lead to an increase in the price of aluminium products, which could adversely impact businesses and consumers alike. They advocate for other measures, such as the promotion of research and development activities, to boost the domestic recycling industry. In conclusion, the AAI's call for a 10% import duty on aluminium scrap aims to safeguard the interests of the domestic aluminium recycling industry. Such a move would not only spur growth in the sector but also contribute to India's goal of becoming self-reliant and environmentally sustainable.