India Imposes Anti-Dumping Duty On Chinese Goods For Five Years. Check List Here
These duties have been imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies
New Delhi: In order to safeguard local manufacturers from cheap imports, India has imposed anti-dumping duties on five Chinese products, including certain aluminium goods and some chemicals for five years.
Check The List Of Products
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 uses in refrigeration industry), according to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC).
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These duties have been imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR), according to the news agency PTI. In a separate investigation, the DGTR 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 noted.
"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duty imposed under this notification (on Silicone Sealant ) shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency," the CBIC said.
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.
In fact, it has also slapped the duty on imports of calcined gypsum powder from Iran, Oman, Saudi Arabia, and the United Arab Emirates (UAE) for five years. While DGTR recommends the duty to be levied, it is the finance ministry that imposes it.
The anti-dumping probes are initiated to understand 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).
It is to be noted that 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, according to the news agency PTI.
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