India may impose anti-dumping duty of up to 452.33 US dollar per tonne on a certain variety of Chinese pneumatic radial tyres to guard domestic players from cheap imports.The commerce ministry's investigation unit – Directorate General of Anti-dumping and Allied Duties (DGAD) – has concluded in its final findings that domestic companies have suffered material injury because of the dumped imports of these tyres from China.The recommended duty ranges between 277.53 US dollar per tonne and 452.33 US dollar per tonne. While the DGAD suggests the duty, the finance ministry imposes it.It has recommended "imposition of definitive anti-dumping duties on the imports" of these tyres from China, the DGAD has said in a notification.Imports of these tyres increased to 52,092 tonnes in July 2014 – June 2015 from 4,146 tonnes in 2012-13. Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports. India has imposed similar duties on import of several other products, including steel, fabrics and chemicals from different countries, including China.
News On AIR | August 7, 2017 2:50 PM
India may impose anti-dumping duty on certain Chinese tyres