You are here: Home » Economy & Policy » News
Power plants, consumers agree to substitute imported coal with CIL
CII asks Reserve Bank to relook circular on opening of current accounts
Business Standard

India opens anti-subsidy probe Malaysia, Vietnam, Thai copper, tube imports

The probe covers imports shipped between April 1, 2019 and March 31, 2020

Topics
India | imports | copper

Reuters  |  NEW DELHI 



Indian copper smelters feel the pinch as China laps up key ingredient

NEW DELHI (Reuters) - is investigating of tubes and pipes from Malaysia, and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said.

The investigation by India's Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these facing countervailing duties, said a government circular posted on Friday.

The probe covers shipped between April 1, 2019 and March 31, 2020.

"The Authority has also received the import data of customs of the subject goods during the past four years which indicate increased imports mainly from Malaysia, and collectively account for more than 90% of total imports of subject goods," the circular said.

 

(Reporting by Neha Arora; Editing by William Mallard)

(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.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sun, September 27 2020. 14:12 IST

RECOMMENDED FOR YOU

.