The Federation of Indian Mineral Industries (FIMI) has formally represented the Indian aluminum industry to the Ministry of Commerce and Industry, requesting an immediate extension of the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme for aluminum-producing units situated in Advance Authorization.
(AA) holders, Export Oriented Units (EOUs), and Special Economic Zones (SEZs). This action reflects the industry’s collective demand This comes after the Aluminium Association of India (AAI) recently made a similar plea to the Hon. Minister of Finance, emphasizing the value of RoDTEP advantages preserving competitiveness.
Around 45% of India’s aluminum exports that come from AA/EOU/SEZ plants. In a letter to Commerce Secretary Shri Sunil. Barthwal, FIMI expressed gratitude for the Ministry’s positive policy changes while emphasizing that Indian aluminum producers are being negatively impacted by the existing RoDTEP coverage lapse
Beyond February 5, 2025. These units’ competitiveness in the global market is being weakened by the imbedded taxes and tariffs that still account for 5–10% of their manufacturing costs The letter went on to say that India is the world’s second-largest producer of aluminum, with over $20 billion in investments and a capacity.
Million tonnes annually. Production reductions, employment losses, and setbacks to domestic value addition might result from any delay in restoring RoDTEP advantages for exports from AA/EOU/SEZ units Through announcements in March September 2024 as well as again on March 20, 2025, the Commerce Ministry already expanded.
RoDTEP coverage to aluminum units; however, the benefits were only available until February 5, 2025 The aluminum sector believes the government will take immediate action to restore parity, since both FIMI and AAI have expressed similar concerns. To maintain continuity and policy clarity in the face persistent global trade headwinds.
FIMI has asked the Ministry to announce an extension over this deadline. The industry is currently awaiting official notice that it would be applicable starting on February 6, 2025, and will help India achieve its goal of being a worldwide center for manufacturing The Federation of Indian Mineral Industries (FIMI) has formally.
Petitioned the Ministry of Commerce and Industry to extend the Remission of Duties or Taxes on Export Products (RoDTEP) scheme for aluminium-producing units operating under Advance Authorisation (AA), Export Oriented Units (EOUs), and Special Economic Zones (SEZs) The RoDTEP scheme provides refunds embedded.
Central, state, and local duties and taxes to exporters, aiming to enhance their (RoDTEP), particularly those operating global competitiveness. Currently, the scheme’s coverage for aluminium exporters is set to expire on February 5, 2025, with no formal notification issued regarding its applicability beyond that date. This uncertainty has raised concerns within.
The industry about potential cost disadvantages, as these units continue to bear embedded taxes and duties estimated to represent between 5–10% of their total production costs The Indian aluminium sector, with over $20 billion in investments and an annual production capacity of 4.1 million tonnes, ranks as the world’s.
Second-largest aluminium producer. FIMI warns that any delay in extending RoDTEP benefits could lead to production cuts, job losses, and setbacks to domestic value Of Duties and Taxes on Exported Products under Advance addition This appeal follows a similar request made by the Aluminium Association of India (AAI) to the Ministry of Finance, emphasizing the need to safeguard.
The competitiveness of nearly 45% of India’s aluminium exports originating from AA/EOU/SEZ units FIMI urges the government to act swiftly to restore parity and support India’s ambition to become a global manufacturing hub The Federation of Indian Mineral Industries (FIMI) has urged the government to extend the Remission.
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