Commerce Ministry in favour to hike import duty on Aluminium: Prabhu
The Commerce Ministry is in favour of hiking import duty on aluminium with a view to support domestic manufacturers, Union Minister Suresh Prabhu has said.
"That is a proposal to protect our domestic industry. The proposal is under examination and we support the proposal," Prabhu said recently. The Commerce and Industry Minister said that there has been a complaint by aluminium industry about dumping of the commodity.
He was replying to a question about the Government's plan to increase import duty on aluminium.
The industry has demanded increase in import duties on aluminium scrap and primary aluminium amid a high growth in inward shipments of these items.
Source :- Dailyshippingtimes.com