You are here: Home » News-CM » Economy » News
Business Standard

Creation of Directorate General of Trade Remedies (DGTR) in Department of Commerce

Capital Market 

The carried out an Amendment to the (Allocation of Business) Rules, 1961 on May 7, 2018 substituting of Trade Remedies in place of of Anti-and Allied Duties in This has paved way for creation of an integrated single umbrella to be called the of Trade Remedies (DGTR) for providing comprehensive and swift trade defence mechanism in The amendment of Allocation of Business Rules has also mandated with work pertaining to recommendation of measures.

2. Presently, the trade defence mechanism in India lacks optimality and takes more than a year to complete proceedings in cases pertaining to unfair trade practices. Currently, the Directorate General of Anti-and Allied Duties (DGAD) deals with anti-and cases, Directorate General of Safeguards (DGS) deals with measures and DGFT deals with quantitative restriction (QR) safeguards. The DGTR will bring DGAD, DGS and Safeguards (QR) functions of DGFT into its fold by merging them into one single national entity. DGTR will deal with Anti-dumping, and measures. It will also provide trade defence support to our domestic industry and exporters in dealing with increasing instances of trade remedy investigations instituted against them by other countries.

The creation of DGTR will provide a level playing field to the domestic industry. In the last three years, India initiated more than 130 anti-dumping/countervailing duty/safeguard cases to deal with the rising incidences of unfair trade practices and to provide a level playing field to the domestic industry.

3. The DGTR will function as an attached office of The recommendation of DGTR for imposition of Anti-dumping, countervailing & Safeguard duties would be considered by the

4. The DGTR will be a professionally integrated organisation with multi-spectrum skill sets emanating from officers drawn from different services and specialisations. The DGTR will also bring in substantial reduction of the time taken to provide relief to the domestic industry. The newly constituted body is in consonance with the goal of Minimum Government Maximum Governance of the of India.

5. The expressed his satisfaction over the fact that the proposal of creation of DGTR which was pending since 1997 has been approved under the leadership of the Prime Minister, making it an epochal event for the benefit of the domestic industry.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 11 2018. 08:08 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU