Generally countries conduct anti-dumping probes to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation. The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.
New Delhi: India has imposed anti-dumping duty on five Chinese goods, including vacuum flasks and aluminium foil, during the month so far to guard domestic players from cheap imports from the neighbouring country, while the duty of up to $873 per tonne was imposed provisionally on aluminium foil for six months.
In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, under Union finance ministry also said that the duty imposed shall be levied for a period of five years on imports of Soft Ferrite Cores, vacuum insulated flask, and TrichloroIsocyanuric Acid.
China being the second largest trading partner of India, India has earlier already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China. The country has time and again flagged serious concerns over the widening trade deficit with the neighbouring country, which stood at $85 billion in 2023-24.
These types of duties were imposed as these products such as Soft Ferrite Cores, certain thickness of vacuum insulated flask, aluminium foil, TrichloroIsocyanuric Acid, and Poly Vinyl Chloride Paste Resin were exported to India from China at below normal prices.
The government has imposed the duty in the range of $276 per tonne to $986 per tonne on imports of the acid (a water treatment chemical) from China and Japan. On imports of Soft Ferrite Cores (used in electric vehicles, chargers, and telecom devices), up to 35 per cent duty was imposed on CIF (cost, insurance freight) value.
Similarly on vacuum insulated flask, $1,732 per tonne anti-dumping duty was levied. The levy, which ranges from $89 per tonne to $707 per tonne, on Poly Vinyl Chloride Paste Resin was slapped on the imports from China, Korea RP, Malaysia, Norway, Taiwan and Thailand for five years. These duties were imposed after recommendations were made by the commerce ministry’s investigation arm directorate general of trade remedies.
Generally countries conduct anti-dumping probes to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation. The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.
