You are here: Home » Economy & Policy » News
Business Standard

DGTR recommends anti-dumping duty on newsprint for five years

The commerce ministry's investigation arm DGTR has recommended the imposition of antidumping duty on newsprint

Topics
Newsprint | Newspapers in India | Newspaper

Press Trust of India  |  New Delhi 

newsprint, newspaper
Representative Image

The commerce ministry's investigation arm DGTR has recommended the imposition of antidumping duty on newsprint, used in the printing of newspapers, from six countries, including Australia and Canada for five years, to guard domestic manufacturers from cheap imports.

The Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding its probe that imports of 'in rolls or sheets, excluding glazed newsprint' from these countries have been exported at dumped prices into India, which has impacted the domestic industry.

"The authority accordingly recommends imposition of antidumping duty...on all imports of goods...originating in or exported from Canada, EU, Russia, Singapore, Australia and UAE for a period of five years," the directorate has said in a notification.

The duty suggested is in the range of USD 5.15 per tonne and USD 98.6 per tonne. The finance ministry takes the final call to impose these duties.

"The authority is of the view that imposition of antidumping duty is necessary to offset dumping and injury," it added.

The DGTR conducted the probe following a complaint by an industry association.

The directorate is an investigation arm of the commerce ministry, which probes dumping of goods, a significant increase in imports and subsidised imports from India's trade partners.

These countries are important trading partners of India.

Countries carry out anti dumping probes to determine whether their domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose duties under the multilateral regime of the WTO (World Trade Organisation).

The duty is to ensure fair trade practices and create a level-playing field for domestic producers concerning foreign producers and exporters.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, January 20 2021. 20:30 IST
RECOMMENDED FOR YOU
.