Indian government imposes anti-dumping duty on 5 Chinese goods for 5 yrs

Indian government imposes anti-dumping duty on 5 Chinese goods for 5 yrs

For five years, India has imposed anti-dumping duties on five Chinese products, including certain aluminum goods and some chemicals, to guard local manufacturers from cheap imports from the neighboring country.

As per separate notice of the CBIC (Central Board of Indirect Taxes and Customs), the duties have been forced on certain flat-rolled products of aluminum; sodium hydrosulfite, which is used in the dye industry, silicone sealant which used in the manufacturing of solar photovoltaic modules, and thermal power applications, hydrofluorocarbon component R-32; and hydrofluorocarbon blends and both have been used in the refrigeration industry).

These duties were imposed following the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) recommendations.

The DGTR, in a separate inquiry, has concluded that these products have been exported at a price below average value in Indian markets, which has resulted in dumping.

The DGTR has said.

The domestic industry has hurt material injury due to the dumping,

The CBIC has said.

“The anti-dumping duty forced under this notification on Silicone Sealant shall be levied for five years until, superseded or amended earlier from a date of publication of this notifications in the Official Gazette and shall be paid in Indian currencies.”

Indian government imposes anti dumping duty on 5 Chinese goods for 5 yrs 1unsplash image

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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.

Similarly, it has also slapped the duty to import calcined gypsum powder from Iran, Oman, Saudi Arabia, and UAE for five years.

While DGTR recommends levying the duty, the finance ministry imposes it.

Countries initiate anti-dumping probes to determine if a surge in below-cost imports has hurt the domestic industry. As a counter-measure, they force duties under the multilateral WTO regime.

India has begun maximum anti-dumping cases against dumped imports from China.

Exports from India to China during the April-September 2021 period were worth 12.26 billion USD, while imports aggregated at 42.33 billion USD, leaving a trade deficit of USD 30.07 billion.

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