Govt slaps duties on new pneumatic radial tyres imported from China

The Department listed nearly eight tariff items and duty ranges from 9.12 per cent to 17.57 per cent

The government has imposed countervailing duty for five years on new pneumatic radial tyres, above 16 inches, which are imported from China. These tyres are normally used in buses and trucks.

After the notification, shares of JK Tyre, CEAT, MRF and Apollo Tyres went up between 3 per cent and 5 per cent.

The Centre listed nearly eight tariff items and the duty ranges from 9.12 per cent to 17.57 per cent.

The notification will give big relief to domestic companies that have invested heavily and get a large chunk of the business from this segment. 

For example, truck, bus radial (TBR) tyres contribute