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Safeguard duty imposed on aluminium

The Directorate General of Safeguards has initiated investigations on imported aluminium products in the country. This move is sought by NALCO, Hindalco, Madras Aluminiuum Co, BALCO and the application is filed on behalf of them by Aluminium Association of India. Madras Aluminium Co has shut its plant since December 2008 on account of increased imports. Based on this prima facie evident, safeguard duty is recommended for a period of 4 years on aluminium flat rolled products and aluminium foils. The rate will be 14% for the first year, 12% for second year and 10% for 3rd year and 8% for the fourth year.

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