04 MARCH 2017AlCircle.com
Ministry of Commerce and Industry not keen on MIP on aluminium
Edited by : Beethika Biswas
1 min read
<p>There has been a continuous discussion between the Ministry of Mines and Ministry of Commerce and Industry regarding the imposition of minimum import price (MIP) on aluminium products since the third quarter of FY 2017.</p>
<p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/aluminum_ingots_550.jpg" alt="News" width="517" height="226" /></p>
<p>However, it appears that despite the insistence of the Ministry of Mines, the Ministry of Commerce and Industry is unlikely to do so any time.</p>
<p>The ministry of Commerce believes that imposition of more duty on aluminium import would encourage inflation and affect the interests of the common man.</p>
<p>“Indeed, the government is keen on protecting domestic interests from cheap imports, but not at the expense of common man. We have to consider common man’s interest before taking any decision,” said an official in the ministry.</p>
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<p>To argue in their favour and to make a strong case for imposition of MIP, a team of senior officials from the Ministry of Mines met their counterparts in the Ministry of Commerce and Industry recently. However, the meeting did not have any positive outcome.</p>
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