India is considering imposition of anti-dumping duty of up to 41 per cent on the import of glass fiber, used in automobiles, electrical insulation and heat resistant fabrics, from China to protect domestic players. After concluding that the domestic industry has suffered material injury, the Directorate General of Anti-dumping and Allied Duties has recommended that the restrictive duty would range from 7.6 per cent to 40.9 per cent. The DGAD found that during the period of investigation (April 2008 – Sept 2009), the imports increased to 25, 831 tonnes from 5,800 tonnes in 2005-06. The country has already imposed duty on imports of fabric, yarn, nylon tyre cord and several chemicals from China. Countries initiate anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in cheap imports. As a counter-measure, they impose duties under the multilateral regime of the WTO.
News On AIR | January 18, 2011 4:34 PM
India to impose anti-dumping duty up to 41 %