Metal recycling sector urges govt to remove duty on scrap imports

摘要

A secondary metal players' industry body has urged the the government to remove import duty on metal scraps in the upcoming budget.Pointing out that the Indian secondary metals sector is mainly dependent on imported scrap due to low local supplies, the Material Recycling Association of India said that customs duty should be removed to boost imports.The basic customs duty on metal scraps is in the range of 2.5 to 5%at present."Indian secondary metals sector relies heavily on imported metal scrap. While 35% of metal scrap is being generated by domestic collection, 65 per cent of the requirement of scrap is met through imports, it noted.