Ahmedabad: The All-India Non-Ferrous Metal Exim Association (ANMA) on Tuesday announced that they have asked for the abolishing of all import duties on non-ferrous metal scrap from the current 2.5%. The association has also sought that no BIS regulation requiring 99% purity of imported non-ferrous metal scrap must be imposed as non-ferrous scrap will have at least 2%-4% impurities. A series of representations have been made to the government regarding the issue, according to association members.
Speaking to TOI on the sidelines of a media briefing organised by ANMA in Ahmedabad, Jayant Jain, honorary secretary of the association said, “Non-ferrous metal scrap will have at least 2% to 4% impurities. Big companies which are into primary non-ferrous metal manufacturing are lobbying for BIS regulations requiring imported aluminium and other non-ferrous metal scrap to be 99% purity. This will not just hurt manufacturers of recycled aluminium but also pave the way for a duopoly of primary non-ferrous metal manufacturers in the market.”
Speaking to TOI on the sidelines of a media briefing organised by ANMA in Ahmedabad, Jayant Jain, honorary secretary of the association said, “Non-ferrous metal scrap will have at least 2% to 4% impurities. Big companies which are into primary non-ferrous metal manufacturing are lobbying for BIS regulations requiring imported aluminium and other non-ferrous metal scrap to be 99% purity. This will not just hurt manufacturers of recycled aluminium but also pave the way for a duopoly of primary non-ferrous metal manufacturers in the market.”
“Secondary aluminium costs at least 10% less than primary aluminium. Duty reduction will go a long way in encouraging recycling of metals and reducing our carbon footprint,” said Jain.
Source:thetimesofindia.com