India imposes duty on aluminium products from China
BL reported that the Indian Finance Ministry has imposed provisional safeguards duty on imports of aluminium flat rolled products and aluminium foils from China.
While the provisional safeguard duty on aluminium flat rolled products has been pegged at 21%, a safeguards duty of 35% has been levied on all aluminium foils imports from China.
According to a Finance Ministry notification, the provisional safeguard would be effective till October 8th.
The Aluminium Association of India had filed the petition seeking imposition of safeguards duty. Based on this petition, the director general (safeguards) had in February recommended the imposition of provisional safeguards duty on imports of aluminium flat rolled products and aluminium foils into India.
This move would come as some relief for the domestic producers of aluminium products, who had approached the country's safeguards office for imposition of safeguards duty on all imports of such products from China.
(Sourced from Business Line)
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