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Govt slaps anti-dumping duty on CTV picture tubes

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Press Trust of India New Delhi

The punitive duty will range between Rs 878 and Rs 4,369 on a cathode ray colour picture tube (CPT) depending on the size of screen.    

The companies affected by a notification of the Department of Revenue include Samsung (Malaysia), LG Philips (Korea), Irico Group Electronics (China), Shenzen Samsug (China).    

The decision to impose the anti-dumping duty was based on preliminary findings of the designated authority in the Commerce Ministry.    

 

The findings showed that the goods were being exported to India below their normal value causing "material injury to the domestic industry".    

It was also found that the "injury had been caused by the dumped imports from the subject countries".    
The consumer electronics industry reacted sharply to the government's decision saying it would result in higher prices for CTVs in India.    

"The prices of colour television are set to go up due to imposing of anti-dumping duty," Consumer Electronic Appliances Manufacturer Association (CEAMA) President R Zutsi told PTI.    

However, the impact would differ depending on the size of CTV and could be as high as 12 per cent in the price of a 21-inch colour television, while it could be 22 per cent in case of television set of 29-inch or more, Zutshi said.

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First Published: Jul 25 2008 | 6:08 PM IST

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