Explorer

India Levies Anti-Dumping Duties On 4 Chinese Goods, See Which Products Will Be Affected

The affected items included soft ferrite cores, vacuum-insulated flasks of certain thicknesses, aluminium foil, and Trichloro Isocyanuric Acid.

India took measures to shield its domestic industry from cheap imports by imposing anti-dumping duties on four Chinese products in March. The affected items included soft ferrite cores, vacuum-insulated flasks of certain thicknesses, aluminium foil, and Trichloro Isocyanuric Acid. This decision was taken as authorities said that these products entered the Indian market at prices lower than normal.

The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, issued separate notifications regarding the new duties. The government decided to enforce these levies for five years on soft ferrite cores, vacuum-insulated flasks, and Trichloro Isocyanuric Acid, reported PTI.

Meanwhile, aluminium foil imports from China will now face a provisional anti-dumping duty of up to $873 per tonne for a period of six months.

Also Read : Public Sector Banks See 33 Per Cent Surge In Dividends In FY24, SBI Drives Profit Growth

Duty Structure and WTO Compliance

The anti-dumping duty ranged between $276 per tonne and $986 per tonne on import of Trichloro Isocyanuric Acid, which is commonly used in water treatment.

Soft ferrite cores, essential for electric vehicles, chargers, and telecom devices, faced a duty of up to 35 per cent on CIF (cost, insurance, and freight) value. Similarly, the government imposed an anti-dumping duty of $1,732 per tonne on vacuum-insulated flasks.

These duties were introduced following recommendations from the Directorate General of Trade Remedies (DGTR), the commerce ministry’s investigative arm. Anti-dumping investigations are conducted to determine whether a surge in low-cost imports are harming the domestic industries. To counteract such practices, governments impose these duties under the multilateral framework of the World Trade Organization (WTO).

India previously levied anti-dumping duties on multiple imports to prevent an influx of cheap foreign goods. As both India and China are WTO members, trade regulations between them remain a key concern. India has frequently raised issues regarding its growing trade deficit with China, which reached $85 billion in 2023-24.

About the author ABP Live Business

ABP Live Business is your daily window into India’s money matters, tracking stock market moves, gold and silver prices, auto industry shifts, global and domestic economic trends, and the fast-moving world of cryptocurrency, with sharp, reliable reporting that helps readers stay informed, invested, and ahead of the curve.

Read More

Top Headlines

India-Czech Defence Tie-Up Opens New Path For Ammunition Manufacturing Technology
India-Czech Defence Tie-Up Opens New Path For Ammunition Manufacturing Technology
Dalal Street On Edge As Benchmarks Remain Rangebound, Sensex Tests 24,600, Nifty Marginally Up
Dalal Street On Edge As Benchmarks Remain Rangebound, Sensex Tests 24,600, Nifty Marginally Up
Mahindra’s New SUV Coming On August 15? Vision S Could Expand Scorpio Line-Up
Mahindra’s New SUV Coming On August 15? Vision S Could Expand Scorpio Line-Up
HDFC Bank MCLR Cut: Will Your EMI Actually Fall? Here's What Borrowers Need To Check
HDFC Bank Cuts MCLR By 5 Bps: Does This Mean Cheaper Loans For You?

Videos

BIG UPDATE: Jharkhand Students Face Water Cannon, Refuse to Back Down
BIG BREAKING: Jharkhand Students Reach Assembly Via Back Route, Break 7 Barricades
JHARKHAND EXAM ROW: Students Halted 300 Metres From Old Assembly, Demand March Ahead
JHARKHAND EXAM ROW: Students Break 3 Barricades, March Toward Assembly
Assembly March: Fasting protester Devendra Mahto reaches the march site by ambulance

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget