The All India Tyres Federation on Thursday sought removal of anti-dumping duty on tyres and urged the government to lift import restrictions imposed after the Competition Commission of India's (CCI) order on domestic tyre manufacturers for indulging in price rigging and cartelisation. In August 2018, the CCI had imposed a total fine of more than Rs 1,788 crore on Apollo Tyres, MRF, CEAT, Birla Tyres, JK Tyre & Industries and the Automotive Tyre Manufacturers Association (ATMA). They were found to have violated Section 3 of the Competition Act during 2011-12. The Section prohibits anti-competitive agreements. An appeal was filed against the CCI order before the Madras High Court and the same was dismissed on January 6, 2022. In a letter to Finance Minister Nirmala Sitharaman and Commerce & Industry Minister Piyush Goyal, the Federation also sought an appointment to its delegation so that it explains the entire issue. The CCI on Wednesday said the Supreme Court has dismissed a ..
The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea
India has imposed antidumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports
The commerce ministry has recommended continuation of anti-dumping duty on Chinese tiles, used for covering floors and walls in buildings, for five more years
The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty on certain aluminium products from China to guard domestic manufacturers from cheap imports.
The domestic industry has been impacted due to the dumped imports, DGTR has said in a notification.
According to industry experts, prices are expected to drop by Rs 5-6 per kg once anti-dumping duty is lifted
"The authority considers it appropriate to recommend withdrawal of anti-dumping duty on imports," the DGTR has said
Government will rationalise customs duties after consultations, says finance minister
ISMT Ltd and Jindal Saw Ltd have filed an application before the Directorate General of Trade Remedies (DGTR) for sunset review of anti-dumping duty
"Traders are expected to stock up cheap imports creating huge inventories in the coming months ahead of an anticipated demand boom in the sector," said an official of a large stainless steel firm
NCTC said the textile industry has been facing stagnation since many years due to a lack of availability of the basic raw materials of man-made fibre / filament yarn at competitive prices
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
The domestic industry has suffered material injury due to dumping of the product by these nations, according to a notification of DGTR
Bharat Forge Ltd lodged a complaint with ministry's investigation arm Directorate General of Trade Remedies for review of the duties on imports of front axle beam and steering knuckles from China
In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market
The duties range from 7.4 per cent to 30.6 per cent
It ruled that if the measures are terminated, the dumping of imported single-mode optical fibers from India may continue and Chinese domestic industries subsequently be impacted
China previously slapped an anti-dumping tariff on the same Indian product for five years until mid-August of 2019 and then had a review of the case
The commerce ministry's investigation arm DGTR has recommended imposition of provisional anti-dumping duty on 'PET resin' chemical from China to guard domestic players from cheap imports.