INSUBCONTINENT EXCLUSIVE:
Federal government has actually imposed anti-dumping task on choose Chinese productsNew Delhi: Government has actually imposed anti-dumping
tasks on 5 Chinese products for 5 years as a procedure to insulate regional manufacturers from less expensive imports from that country.The
products on which anti-dumping duties have been imposed, include specific flat rolled items of aluminium, salt hydrosulphite (used in color
making), silicone sealant (utilized in production of solar photovoltaic modules, and thermal power applications), hydrofluorocarbon (HFC)
part R-32 and hydrofluorocarbon blends (both have uses in refrigeration industry)
These tasks were enforced following recommendations of the commerce ministry's examination arm Directorate General of Trade Solutions (DGTR)
The DGTR in different probes discovered that these products have been exported at a cost below regular worth in Indian markets, which has
actually led to dumping.The domestic market has suffered product injury due to the dumping, the DGTR has stated
The anti-dumping task imposed under this alert (on Silicone Sealant) shall be levied for a duration of 5 years (unless withdrawed,
superseded or changed earlier) from the date of publication of this alert in the Authorities Gazette and shall be payable in Indian
currency, the Central Board of Indirect Taxes and Custom-mades (CBIC) has said.The CBIC has actually likewise imposed the responsibility on
a vehicle component - axle for trailers.Similarly it has also slapped the responsibility on imports of calcined plaster powder from Iran,
Oman, Saudi Arabia and United Arab Emirates (UAE) for 5 years.While DGTR recommends the task to be levied, the financing ministry imposes
it.Countries start anti-dumping probes to determine if the domestic market has actually been harmed by a rise in below-cost imports
As a counter-measure, they impose tasks under the multilateral World Trade Organisation regime.
