Govt slaps restrictive duty on nylon tyre cord fabric imports
Press Trust of India / New Delhi Nov 25, 2009, 15:33 IST
India has imposed anti-dumping duty up to $0.92 a kg on imports of nylon tyre cord fabric, a key ingredient in automotive tyre manufacturing, from Belarus to protect the domestic industry.
After concluding that imports from Belarus are taking place at very low prices hurting the domestic industry, the Directorate General of Anti-Dumping and Allied Duties (DGAD) had recommended anti-dumping duty on the fabric.
DGAD is the designated authority in the Commerce Ministry, which investigates anti-dumping cases.
The duty would be ranged between $0.77 per kg to $0.92 per kg, the finance ministry said in a notification.
The anti-dumping duty imposed would be levied for a period of five years from the date of imposition of the provisional anti-dumping duty, that is 29th April, and would be payable in Indian currency, it said.
Earlier, the government had imposed duty on several other products including yarns, colour picture tubes, some aluminum products and chemicals.
As per a World Trade Organisation report, India topped the table of the countries resorting to anti-dumping investigations between July and December 2008.
Of the total 120 new anti-dumping investigations in the second-half of calendar 2008, India accounted for 42 cases.
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