Anti-dumping on import of select products from China

Image
Press Trust of India New Delhi
Last Updated : Oct 21 2015 | 10:22 PM IST
Government today slapped anti-dumping duties on import of front axle beam and steering knuckles used in heavy and medium commercial vehicles as also three other products from China for five years.
The duties have been imposed pursuant to recommendations of the Directorate General of Anti-dumping and Allied Duties, the Finance Ministry said in a statement, adding, the levies have come into effect from today.
"Definitive anti-dumping duty has been levied on imports of 'Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles'...Originating in, or exported from, the Peoples' Republic of China for a period of five years," the statement said.
Front axle beam is a safety critical item and carries the load of a vehicle and also keeps the steering in place.
Steering knuckle is a very critical component controlling the steering of the vehicle.
The revenue department has also imposed the import restrictive duty on shipments of 'plain medium density fibre board of thickness 6 mm' from China, Malaysia, Thailand and Sri Lanka.
It is widely used for partitions, modular furnitures, and cabinets.
Anti-dumping duty has also been imposed on industrial compound 'Hexamine originating in, or exported from China and UAE for a period of five years.
Definitive anti-dumping duty has also been levied on imports of 'All Fully Drawn or Fully Oriented Yarn/Spin Drawn Yarn/Flat Yarn of Polyester (non-textured and non-POY)'from China and Thailand for a period of five years.
Countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports. As a counter-measure, they impose duties under the multilateral WTO regime.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 21 2015 | 10:22 PM IST

Next Story