Aluminium association seeks to hike customs duty on scrap to 10% in Budget

Ahead of the Union Budget, Aluminium Association of India (AAI) has sought an increase of customs duty on aluminium scrap from 2.5% to 10% citing that country's consumption of scrap is "100% import-dependent". The association said the duty increase will encourage recycling of domestic scrap and reduce the share of scrap in total imports, which stood at 66% in 2020-21.