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        Case ID :
        Customs, DGFT & SEZ

        Aluminium Trade

        February 10, 2014

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        The quantum of alumina and aluminium metal imported/exported during each of the last three years and the current year is as below;

        Aluminium:

        (Quantity in tonnes)

        Item

        2010-11

        2011-12

        2012-13

        2013-14 (upto Nov., 2013)

        Import

        6,98,984

        8,70,981

        10,48,129

        7,32,219

        Export

        2,71,959

        2,78,747

        3,07,589

        2,31,988

        Alumina:

        (Quantity in tonnes)

        Item

        2010-11

        2011-12

        2012-13

        2013-14(upto Nov., 2013)

        Import

        2,88,535

        5,57,297

        11,23,580

        9,07,078

        Export

        27,45,230

        9,79,395

        10,29,982

        8,56,784

        The issue of purchase and sale between customers and sellers of Special Economic Zones and Domestic Tariff Area is a matter of commercial transactions between entities. Government therefore does not prescribe the terms of tender processes between companies/entities. Government has advised NALCO to take decision in the best commercial interest of the Company and in its long term interest so as to maintain Company’s competitiveness in the sector.

        The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in Lok Sabha today.

        Commercial autonomy in SEZ-DTA transactions upheld; government refrains from prescribing tender terms, companies to decide. The Government affirms that purchases and sales between entities in Special Economic Zones and the Domestic Tariff Area are commercial transactions and that it does not prescribe tender terms between companies. It advised the aluminium producer to decide procurement and sales arrangements in the company's long-term commercial interests to maintain competitiveness. Recent import and export quantities for aluminium and alumina are provided for informational context.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Commercial autonomy in SEZ-DTA transactions upheld; government refrains from prescribing tender terms, companies to decide.

                                The Government affirms that purchases and sales between entities in Special Economic Zones and the Domestic Tariff Area are commercial transactions and that it does not prescribe tender terms between companies. It advised the aluminium producer to decide procurement and sales arrangements in the company's long-term commercial interests to maintain competitiveness. Recent import and export quantities for aluminium and alumina are provided for informational context.





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                                Topics

                                ActsIncome Tax
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