India Imposes Tax on Some Aluminum Imports from China
After the recent Chinese toy ban, the Indian government has imposed a tax on Chinese-made aluminum products:
Imports of flat-rolled products will attract 21 percent duty and foil will be taxed at 35 percent, the Central Board of Excise and Customs notified on its Web site. The duties will be in force until Oct. 8 unless revoked earlier.
The curbs are aimed at protecting Indian producers of the metal, including India’s biggest state-run producer National Aluminium Co. and Bharat Aluminium Co., a unit of London-based Vedanta Resources Plc, as they cope with an economic slowdown.
India’s Directorate of Safeguards found Chinese imports weakened local industry and eroded their market share, Ranjit Kumar, joint commissioner, said March 13. The directorate started a probe into Chinese imports in January on the request of the Aluminum Association of India.
See also past CDT posts on Chindia and the aluminum ban.
