Government imposes anti-dumping duty on select Chinese products
New Delhi:
The government has imposed anti-dumping duty on five Chinese products for five years as a measure to protect local manufacturers from cheap imports from that country.
Products on which anti-dumping duty has been imposed include aluminium, sodium hydrosulfite (used in dye making), silicone sealant (used in manufacturing of solar photovoltaic modules and thermal power applications), some flat rolled products of hydrofluorocarbons (HFCs) . Component R-32 and hydrofluorocarbon mixture (both used in the refrigeration industry).
These charges were imposed following the recommendations of the Directorate General of Trade Remedies (DGTR), the investigation arm of the commerce ministry.
DGTR in separate investigations found that these products have been exported to Indian markets at below normal value, resulting in dumping.
DGTR has stated that the domestic industry has suffered material injury due to dumping.
“The anti-dumping duty levied under this notification (on silicone sealant) shall be levied for a period of five years from the date of publication of this notification in the Official Gazette (unless revoked, amended or amended earlier). is not used) and shall be payable in Indian currency,” the Central Board of Indirect Taxes and Customs (CBIC) has said.
The CBIC has also imposed a duty on a vehicle component – axles for trailers.
Similarly, it has also imposed duty for five years on imports of calcined gypsum powder from Iran, Oman, Saudi Arabia and the United Arab Emirates (UAE).
While the DGTR recommends the levy of duty, the finance ministry implements it.
Countries initiate anti-dumping investigations to determine whether the domestic industry has suffered from an increase in imports below costs. As a counter-measure, they impose tariffs under the multilateral WTO regime.
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