Consultant picture of aluminum foil rolls at a manufacturing unit in Binzhou, Shandong province, China | Photograph credit score: Reuters
The Ministry of Commerce and Business has beneficial imposing anti-dumping responsibility on aluminium foil imported from China after rising shipments from the neighbouring nation captured practically a 3rd of India’s market share regardless of ample native manufacturing capability.
The advice, contained in a report launched by the ministry late on Friday (Aug 30, 2024) and submitted to the federal government for approval, seeks to handle a risk to the home manufacturing trade, the directorate common of commerce cures stated within the report.
A tariff of between $619 and $873 per metric ton was beneficial for foils as much as 80 microns thick, excluding aluminum foils lower than 5.5 microns for non-capacitor functions.
Aluminum foil is extensively used as a packaging materials for the preservation and conservation of edible merchandise.
