Similarly, India has also slapped the duty on imports of calcined gypsum powder from Iran, Oman, Saudi Arabia, and UAE for five years.
New Delhi: With the intention to safeguard native producers from low cost imports, India has imposed anti-dumping duties on 5 Chinese language merchandise, together with sure aluminium items and a few chemical compounds for 5 years.
According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC), the duties have been imposed on certain flat-rolled products of aluminium sodium hydrosulphite (used in dye industry); silicone sealant (used in the manufacturing of solar photovoltaic modules, and thermal power applications). hydrofluorocarbon (HFC) component R-32; and hydrofluorocarbon blends (both have used in refrigeration industry).
These duties were imposed following recommendations of the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR).
The DGTR in separate probes has concluded that these products have been exported at a price below normal value in Indian markets, which has resulted in dumping. The domestic industry has suffered material injury due to the dumping, the DGTR has said.
“The anti-dumping responsibility imposed beneath this notification (on Silicone Sealant) shall be levied for a interval of 5 years (except revoked, outdated or amended earlier) from the date of publication of this notification within the Official Gazette and shall be payable in Indian forex,” the CBIC mentioned.
The CBIC has additionally imposed the responsibility on a automobile part – Axle for Trailers in CKD/SKD (full and semi-knocked down) to guard home makers from low cost Chinese language imports.
Actually, it has additionally slapped the responsibility on imports of calcined gypsum powder from Iran, Oman, Saudi Arabia, and the United Arab Emirates (UAE) for 5 years. Whereas DGTR recommends the responsibility to be levied, it’s the finance ministry that imposes it.
Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multilateral WTO regime. 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 Organisation (WTO). India has initiated maximum anti-dumping cases against dumped imports from China. India’s exports to China during the April-September 2021 period were worth $12.26 billion while imports aggregated at $42.33 billion, leaving a trade deficit of $30.07 billion.
Written by : Pragati Upadhyay (Internship Trainee)