Anti-dumping duty imposed on 5 Chinese goods by India
By MYBRANDBOOK
India has imposed anti-dumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports from the neighbouring country.
These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies. The DGTR have concluded that these products have been exported at a price below normal value in Indian markets, which has resulted in dumping.
"The anti-dumping duty imposed under this notification (on Silicone Sealant) shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency," the Central Board of Indirect Taxes and Customs (CBIC) has said.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. Both India and China are members of the Geneva-based World Trade Organization (WTO). India has initiated maximum anti-dumping cases against dumped imports from China.
The CBIC has also imposed the duty on a vehicle component - Axle for Trailers in CKD/SKD (complete and semi knocked down) to protect domestic makers from cheap Chinese imports.
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