Govt to impose anti-dumping duty on fibre board from 2 nations

India is set to impose anti-dumping duty of up to USD 64.35 per cubic metre on imports of a specific type of fibre board from Indonesia and Vietnam, in line with the recommendation of the Commerce Ministry.
Greenply Industries and Mangalam Timber Products had filed an application for initiation of anti-dumping duty probe concerning imports of "plain medium density fibre board having thickness of 6 mm and above".
In its final findings, the Directorate General of Anti-Dumping and Allied Duties (DGAD), under the ministry, has found that there are instances of dumping from these countries and the domestic industry has suffered material injury.

The move is aimed at protecting the local industry from cheap in-bound shipments.
"The authority considers it necessary and appropriate to recommend imposition of definitive duties on imports," DGAD said in a notification.
DGAD has recommended an anti-dumping duty in the range of USD 14.71-64.35 per cubic meter on the imports.

While DGAD recommends the duty, the Finance Ministry imposes it.
Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multi-lateral WTO regime.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.