The Ministry of Commerce and Industry has recommended imposing an anti-dumping duty on aluminium foil imported from China after surging shipments from the neighbouring country captured nearly a third of India's market share despite ample local production capacity.
The recommendation, contained in a report published by the ministry late on Friday (August 30, 2024) and submitted to the government for approval, seeks to address a threat to the domestic manufacturing industry, the directorate general of trade remedies said in the report.
It recommended a duty between $619 and $873 per metric ton on foil up to 80 microns thick, excluding aluminium foil below 5.5 microns for non-capacitor application.
Aluminium foil is used extensively as a packaging material for the conservation and preservation of edible products.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.