Representational image of aluminium foil rolls at a factory in Binzhou, Shandong province, China
| Photo Credit: Reuters
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.
