Mining lobby body, the Federation of Indian Mineral Industries (Fimi), has pitched for exemption of the existing 15 per cent duty on exports of non-metallurgical grade bauxite.
Non-plant grade bauxite does not find applications in aluminium smelters that consume higher grade material. With no demand to absorb in the domestic market, the miners of non-plant grade bauxite usually take recourse to exports.
But since 2015-16, exports of the baser grade bauxite have been on a downhill. From 8.91 million tonnes (mt) in 2015-16. export volumes has slumped to 1.40 mt at the end of 2018-19.
“With a view to have optimum utilization of