Anti dumping on import of select products from China

By | October 24, 2015

anti dumpingGovernment slapped anti dumping duties on import of front axle beam and steering knuckles used in heavy and medium commercial vehicles as also three other products from China for five years. The duties have been imposed pursuant to recommendations of the Directorate General of Anti dumping and Allied Duties, the Finance Ministry said in a statement, adding, the levies have come into effect from Wednesday.

“Definitive anti dumping duty has been levied on imports of ‘Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles’…originating in, or exported from, the Peoples’ Republic of China for a period of five years,” the statement said.

Front axle beam is a safety critical item and carries the load of a vehicle and also keeps the steering in place. Steering knuckle is a very critical component controlling the steering of the vehicle.

The revenue department has also imposed the import restrictive duty on shipments of ‘plain medium density fibre board of thickness 6 mm’ from China, Malaysia, Thailand and Sri Lanka. It is widely used for partitions, modular furnitures, and cabinets. Anti dumping duty has also been imposed on industrial compound ‘Hexamine originating in, or exported from China and UAE for a period of five years. Definitive anti dumping duty has also been levied on imports of ‘All Fully Drawn or Fully Oriented Yarn/Spin Drawn Yarn/Flat Yarn of Polyester (non-textured and non-POY)’from China and Thailand for a period of five years. Countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports. As a counter-measure, they impose duties under the multilateral WTO regime.

Souce :moneycontrol

Leave a Reply