Anti-dumping Duty
Nomura bullish on Indian steel industry; maintains 'Buy' on JSW Steel, JSPL
Nomura has set a target price of Rs 1,220 and Rs 1,080 for JSW Steel and JSPL, respectively.
Govt imposes anti-dumping duty on chemical from China, Korea, Thailand
India has imposed an anti-dumping duty of up to USD 557 per tonne on a chemical used mainly in the adhesive industry from China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations. The duty was imposed as the chemical - Epichlorohydrin - was exported to India from these countries at below-normal prices. "The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)...," the department of revenue said in a notification. The levy is imposed following recommendations for the same by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of Geneva-based World Trade Organization (WTO). The duty is aimed at ensuri
Govt initiates anti-dumping investigation into steel from Vietnam
The applicants have requested for retrospective imposition of the anti-dumping duty
India ranks second in anti-dumping duties, lowers average tariffs in 2023
According to a WTO report, India saw a notable reduction in average tariffs to 17 per cent from 18.1 per cent in 2022, while increasing the use of non-tariff measures
DGTR reviews anti-dumping duty on alloy wheels imported from China
The commerce ministry's investigation arm DGTR has initiated a probe to review the need to continue the anti-dumping duty on aluminium alloy wheels imported from China, following complaints from the domestic industry. Kosei Minda Aluminium Company, Maxion Wheels Aluminium India, Minda Kosei Aluminium Wheel, and Steel Strips Wheels have filed an application on behalf of the domestic industry for initiation of sunset review investigation for continued imposition of anti-dumping duty levied on imports of 'aluminium alloy road wheel' exported from China. DGTR in a notification has said the applicants have submitted prima facie evidence of dumping of the product from China in spite of the existing anti-dumping duties. "The authority hereby initiates sunset review investigation to examine whether the expiry of existing anti-dumping duties against China is likely to lead to continuation or recurrence of dumping and consequent injury to the domestic industry," the notification said. As per
DGTR recommends anti-dumping duty on Chinese wheel loaders for 5 years
The commerce ministry's arm Directorate General of Trade Remedies (DGTR) has recommended an anti-dumping duty of up to 82 per cent on imports of wheel loaders from China for five years to protect domestic players. The product is a commonly used machinery in infrastructure and mining sectors. The recommendation came after a year-long investigation into the complaints of injury by domestic manufacturers of this product. According to a DGTR notification: "The Authority recommends imposition of definitive anti-dumping duties... so as to remove the injury to the domestic industry". It has concluded in its probe that the imports are coming at prices below the domestic sales price, injuring the domestic industry. The anti-dumping duty, when notified by the Department of Revenue, will be imposed on 'wheel loaders' of less than 7,000 kg capacity and even on imports of semi-knocked-down kits. Completely knocked-down kits have been excluded from the duties as this could end up with anti-dum
Steel mills expect wheel prices to ease after anti-dumping duty on China
Late on Monday, the Indian government imposed an anti-dumping duty on steel wheels used in tyres, from China, in a bid to crack down on predatory pricing
India imposes anti-dumping duty on some Chinese steel for 5 years
India on Monday imposed an anti-dumping duty on some Chinese steel for five years, according to a government notification
Commerce ministry recommends anti-dumping duty on imports of Chinese glass
The commerce ministry has recommended anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from the neighbouring country. The finance ministry will take a final decision on imposing the duty. Following a complaint by a domestic player, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has investigated alleged dumping of 'toughened glass for home appliances having thickness between 1.8 MM to 8 MM and area of 0.4 SqM or less' originating in or exported from China. Federation of Safety Glass, an association of safety/speciality glass processors, had filed an application to initiate the anti-dumping investigation. The applicant has alleged that dumping of the product is impacting domestic industries. In its findings after concluding the probe, the DGTR said that the product was exported to India at a price which is below the normal level an
Met coke producers, suppliers demand 30% anti-dumping duty on imports
An association of producers and suppliers of metallurgical coke has sought imposition of a 30 per cent anti-dumping duty on met coke to protect the local industry from cheap imports. The Indian Metallurgical Coke Manufacturers Association (IMCOM) stated that there is a dire need to protect the domestic industry with adequate policy measures as India is turning out to be a dumping ground for imported met coke. "Rather, anti-dumping duties should be applicable to all countries irrespective of FTAs, which will help protect domestic manufacturers," IMCOM said in a statement. The move will protect the domestic industry and give a fillip to the government's vision of a 'self-reliant' India, the association stated. The merchant coke industry majorly caters to foundries, ferroalloys and the chemical sector among others. Though the merchant coke capacity in the country is around seven million tonnes, the current capacity utilisation is only around 30 per cent, and this is mainly due to ...
Govt not to impose anti-dumping duty on Chinese metal cutter wheels
The government has decided not to impose anti-dumping duty on Chinese metal cutter wheels as the finance ministry has not accepted the recommendations of the Directorate General of Trade Remedies (DGTR) for imposing the levy. The commerce ministry's investigation arm DGTR had conducted a probe into the alleged dumping of "Resin Bonded Thin Wheels" from China, and in September it recommended the imposition of the duty. The product is used in various sectors ranging from welding, cutting, foundry to primary metal markets for nagging and cutting ferrous and non-ferrous materials. "The central government, after considering the final findings of the designated authority (DGTR), has decided not to accept the ... recommendations," an office memorandum of the Department of Revenue said. While the Directorate General of Trade Remedies (DGTR) recommends the duty, the Department of Revenue takes the final decision to impose it. In international trade parlance, dumping happens when a country
No anti-dumping duty on a Chinese chemical used in pharma industry: Govt
India will not impose anti-dumping duty on a Chinese chemical used in pharma industry as the finance ministry has not accepted the recommendations of DGTR for imposing the levy. The commerce ministry's investigation arm DGTR had conducted a probe into the alleged dumping of "(4R-Cis)-1-1-Dimethylethyl-6-cyanomethyl-2, 2-dimethyl-1, 3-dioxane-4-acetate" from China, and in August it recommended the imposition of the duty. "The central government, after considering the final findings of the designated authority (DGTR), has decided not to accept the ... recommendations," a memorandum of Department of Revenue said. While Directorate General of Trade Remedies (DGTR) recommends the duty, Department of Revenue takes the final decision to impose it. This chemical is also known as ATS-8, which is a key raw material for manufacturing Atorvastatin active pharmaceutical ingredient. In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than
Govt won't extend anti-dumping duty on ammonium nitrate from 3 nations
The government has decided not to extend the anti-dumping duty imposed on ammonium nitrate imported from Russia, Iran and Georgia. The finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR). The commerce ministry's investigation arm DGTR had conducted a probe to review the need for continuing imposition of anti-dumping duty on the product imported from these countries, following a complaint from the domestic industry. In June, the directorate recommended an extension of the duty on imports for two more years. "...the central government after considering the final findings of the designated authority (DGTR) has decided not to accept the recommendations," the department of revenue has said in an office memorandum. Smartchem Technologies Ltd had filed an application before the Directorate General of Trade Remedies for initiation of a sunset review investigation, concerning imports of ammonium nitrate originating in or exported from .
Govt recommends continuation of anti-dumping duty on Chinese Aluminium foil
The commerce ministry has recommended the continuation of anti-dumping duty on Chinese aluminium foil, used in food and pharma sectors, for five years to guard domestic players from cheap imports.
Tyre companies urge govt to remove anti-dumping duties, curbs
The All India Tyres Federation on Thursday sought removal of anti-dumping duty on tyres and urged the government to lift import restrictions imposed after the Competition Commission of India's (CCI) order on domestic tyre manufacturers for indulging in price rigging and cartelisation. In August 2018, the CCI had imposed a total fine of more than Rs 1,788 crore on Apollo Tyres, MRF, CEAT, Birla Tyres, JK Tyre & Industries and the Automotive Tyre Manufacturers Association (ATMA). They were found to have violated Section 3 of the Competition Act during 2011-12. The Section prohibits anti-competitive agreements. An appeal was filed against the CCI order before the Madras High Court and the same was dismissed on January 6, 2022. In a letter to Finance Minister Nirmala Sitharaman and Commerce & Industry Minister Piyush Goyal, the Federation also sought an appointment to its delegation so that it explains the entire issue. The CCI on Wednesday said the Supreme Court has dismissed a ..
Centre not to impose anti-dumping duty on certain steel products
The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea
India imposes antidumping duty on 5 Chinese goods for 5 years
India has imposed antidumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports
Comm Min recommends continuation of anti-dumping duty on Chinese tiles
The commerce ministry has recommended continuation of anti-dumping duty on Chinese tiles, used for covering floors and walls in buildings, for five more years
Comm Min recommends anti-dumping duty on certain aluminium items from China
The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty on certain aluminium products from China to guard domestic manufacturers from cheap imports.
Commerce Min recommends anti-dumping duty on Vitamin C from China for 5 yrs
The domestic industry has been impacted due to the dumped imports, DGTR has said in a notification.
