India imposes anti-dumping duties on Chinese products for 5 years
In order to protect local manufacturers from cheap imports from the neighboring country, India imposed anti-dumping duties on five Chinese products, including some aluminum items and chemicals for five years.
What is anti-dumping?
Countries initiate anti-dumping investigations to determine whether the domestic industry has suffered from increased imports below cost. As a countermeasure, they impose tariffs under the multilateral WTO regime.
Anti-dumping measures are taken to ensure fair trade and provide equal opportunities for domestic industry. India and China are both members of the Geneva-based World Trade Organization (WTO).
India has initiated maximum anti-dumping proceedings against dumped imports from China.
Pursuant to separate notifications from the Central Council of Indirect Taxes and Customs (CBIC), the duty was imposed on certain flat-rolled aluminum products; Hydrofluorocarbon (HFC) component R-32; silicone sealant (used in the manufacture of photovoltaic solar modules and thermal energy applications); sodium hydrosulphite (used in the dye industry); and hydrofluorocarbon mixtures (both have found use in the refrigeration industry).
Reason for the dumping of duties on these products
The duty was imposed following recommendations from the General Directorate of Trade Remedies (DGTR), the investigative body of the Ministry of Commerce. In a separate investigation, the DGTR found that these products had been exported to Indian markets at a price below normal value, resulting in dumping.
The DGTR stated that the domestic industry has suffered material injury as a result of the dumping.
“The anti-dumping duty collected under this notification (on silicone sealant) will be collected for five years from the date of publication of this notification in the Official Gazette and will be payable in Indian currency,” CBIC said.
The CBIC also imposed a duty on a vehicle component – axle for CKD / SKD trailers (complete and semi-dismantled) to protect domestic manufacturers from cheap Chinese imports.
Anti-dumping duty imposed on countries other than China
Likewise, it also imposed duties for five years on imports of calcined gypsum powder from the United Arab Emirates (UAE), Saudi Arabia, Oman and Iran.