New Delhi: To protect local manufacturers from cheap imports, India has imposed anti-dumping duty for five years on five Chinese products, including some aluminum goods and some chemicals.
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Duty is levied on certain flat-rolled aluminum products; sodium hydrosulfite (used in the dye industry); silicone sealant (used in the manufacture of solar photovoltaic modules and thermal power applications); Hydrofluorocarbon (HFC) component R-32; and hydrofluorocarbon mixtures (both used in the refrigeration industry), as per separate notifications of the Central Board of Indirect Taxes and Customs (CBIC).
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According to news agency PTI, these charges have been imposed following the recommendations of the Directorate General of Trade Remedies (DGTR), the investigative arm of the Ministry of Commerce. In a separate investigation, the DGTR has concluded that these products have been exported to the Indian markets at below normal value, resulting in dumping.
DGTR noted that the domestic industry has suffered material injury due to dumping.
“The anti-dumping duty levied under this notification (on silicone sealant) shall be levied for a period of five years from the date of publication of this notification in the Official Gazette (unless revoked, amended or amended earlier). is not done) and shall be payable in Indian currency,” the CBIC said.
CBIC has also imposed duty on a vehicle component – axle for trailers in CKD/SKD (full and semi-knocked down) to protect domestic manufacturers from cheap Chinese imports.
In fact, it has also imposed duties on imports of calcined gypsum powder from Iran, Oman, Saudi Arabia and the United Arab Emirates (UAE) for five years. While the DGTR recommends the fee to be levied, it is the finance ministry that enforces it.
Anti-dumping investigation has been initiated to understand whether the domestic industry has suffered due to spurt in imports below cost. As a counter-measure, they impose tariffs under the multilateral WTO regime.
Anti-dumping measures are taken to ensure fair trade and provide equal opportunities to the domestic industry. Both India and China are members of the Geneva-based World Trade Organization (WTO).
It should be noted that India has initiated maximum number of anti-dumping cases against dumped imports from China. According to news agency PTI, India’s exports to China stood at $12.26 billion during the period April-September 2021, while imports stood at $42.33 billion, leaving a trade deficit of $30.07 billion.
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