New Delhi: India has imposed antidumping tasks on five Chinese products, including certain aluminum items and several chemicals, for five years to maintain local producers from cheap import from neighboring countries.
According to a separate notification from the Indirect Tax Center and Customs (CBIC), these tasks have been charged on certain flat roll products from aluminum; sodium hydrosulfit (used in the dye industry); Silicone Sealant (used in the manufacture of solar photovoltaic modules, and thermal power applications); Hydrofluorocarbon (HFC) R-32 components; and a mixture of hydrofluorocarbons (both have use in the cooling industry).
These tasks are enforced as follows of recommendations from the trade issue of the trade department General of Trade (DGTR).
DGTR in a separate probe has concluded that these products have been exported at prices below normal values ​​in the Indian market, which has resulted in dumping.
The domestic industry has suffered material injuries due to dumping, DGTR said.
“Anti-dumping tasks imposed on this notification (in the Silicone Sealant) will be collected for a period of five years (unless revoked, replaced or changed before) from the date of publication of this notification in the State Gazette and the Indian currency must be paid,” Cbic said.
CBIC has also enacted tasks on vehicle components – axles for trailers in CKD / SKD (complete and semi-broken down) to protect domestic makers from cheap Chinese imports.
Likewise he also slapped the task of importing gypsum powder which was calcined from Iran, Oman, Saudi Arabia and the United Arab Emirates (UAE) for five years.
While DGTR recommends assignments to be collected, the Ministry of Finance enacts it.
Countries start the anti-dumping probe to determine whether the domestic industry has been injured by a surge in imports below costs.
As a reply, they impose tasks under the Multilateral WTO regime.
Anti-dumping actions are taken to ensure fair trade and provide field levels to the domestic industry.
India and China are members of the Geneva-based World Trade Organization (WTO).
India has initiated the maximum anti-dumping case against the import of China.
India’s export to China during the April-September 2021 period was worth $ 12.26 billion while imports were collected of $ 42.33 billion, leaving a trade deficit of $ 30.07 billion.