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| Govt slaps anti-dumping duty on CD-Rs |
| Press Trust Of India / New Delhi Jun 09, 2009, 01:09 IST |
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The government has imposed an extra levy of up to $63.84 on import of 1,000 pieces of compact discs-recordable (CD-Rs) from countries like Iran, Thailand and Korea.
The finance ministry has imposed provisional anti-dumping duty between $17.52 and $63.84 per 1,000 pieces on CD-Rs, the ministry said in a notification.
After reaching a conclusion that “the domestic industry has suffered material injury”, the Directorate General of Anti-dumping and Allied Duties (DGAD) had recommended anti-dumping duty on import of the discs from Iran, Thailand, Korea, Malaysia, the UAE and Vietnam.
The DGAD had earlier found that the discs were being imported from these countries, at below its normal value, which was causing material injury to the domestic industry.
The duty shall be levied from the date of imposition of the provisional anti-dumping duty, that is, March 13, 2008, it said.
Earlier, the government had imposed the duty on several other products, including yarns, fabrics, colour picture tubes, some aluminum products and chemicals.
According to a recent WTO report, India initiated the highest number of anti-dumping investigations — 42 such probes —followed by Brazil and China, between July and December, 2008.
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