Budget 2021: Aluminium industry seeks raise in basic custom duty
The industry has also sought reduction in basic custom duty and correction of inverted duty structure on critical raw materials for aluminium industry value chain like aluminium fluoride and coal tar pitch
PTI | January 20, 2021 | Updated 08:44 IST
The industry is not able to compete effectively in the global markets as the burden of central and state taxes and levies amounting to 15 per cent of aluminium production cost puts the domestic industry in a significant disadvantage compared to its global peers
The aluminium industry has urged the government to increase the basic custom duty on primary aluminium and aluminium scrap to 10 per cent, eliminate the cess on coal among others as the sector is going through a challenging phase and is under immense threat by rising imports.