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

India extends anti-dumping duty on Chinese float glass for 3 months

In a separate notification dated September 2, the department has imposed provisional anti-dumping duty on imports of Ciprofloxacin Hydrochloride medicine from China for a period of six months

Topics
Anti-dumping duty | India China tension | India china trade

Press Trust of India  |  New Delhi 

India China
Float glass, made by floating molten glass on a bed of molten metal, is used in sectors like construction.

India has extended on imports of float glass from China for three months till December 7, as per a notification.

The move is aimed at guarding domestic industry from cheap imports from China.

"...the imposed under this notification shall remain in force up to and inclusive of the 7 th December, 2020, unless revoked, superseded or amended earlier," the Department of Revenue said in the notification.

Float glass, made by floating molten glass on a bed of molten metal, is used in sectors like construction.

The duty of USD 218 per tonne was imposed for the first time on September 8, 2015 for five years.

It was extended after the recommendation of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).

In a separate notification dated September 2, the department has imposed provisional on imports of Ciprofloxacin Hydrochloride medicine from China for a period of six months.

It is used to treat different kinds of bacterial infections.

DGTR had recommended the anti-dumping duty after conducting a probe into alleged dumping of this medicine from China.

The directorate had in June concluded that the medicine has been exported to India from China at dumped prices, due to which the domestic industry has suffered material injury.

The duty imposed is in the range of USD 0.94 to USD 3.29 per kg.

"The provisional anti-dumping duty imposed under this notification shall be effective for a period of six months (unless revoked, amended or superseded earlier)," it added.

Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by flooding of below-cost imports. As a counter-measure, they impose duties under the multi-lateral WTO regime.

Anti-dumping steps 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.

(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: Fri, September 04 2020. 19:10 IST
RECOMMENDED FOR YOU
.