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India imposes duty on imports of scrap metal

Date: Mon, 13 May 2013 | Author: Paul Sanderson

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A duty on imports of certain ferrous and non-ferrous scrap metals has been introduced by the Indian Government.

From 8 May 2013, a duty of 2.5 per cent must be paid on imports of scrap iron, steel and aluminium and a 4 per cent duty has been imposed on imports of brass.

The Metal Recycling of India (MRAI) said it was “shocked” and “disappointed” by the action of its Government in a note to its members.

It said: “MRAI is extremely disappointed with the changes in duty structure that will negatively impact the steel industry (especially the induction and electric-arc furnaces) and the domestic non-ferrous industry.”

MRAI said it was especially surprised by the move as India does not generate enough scrap domestically and therefore requires imports of metals to meet its melting needs. 

Category: Recycling
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