India has imposed anti-dumping duty on four Chinese items, together with vacuum flasks and aluminium foil, throughout the month up to now to protect home gamers from low-cost imports from the neighbouring nation.
These duties have been imposed as these products — Soft Ferrite Cores, sure thickness of vacuum insulated flask, aluminium foil, and Trichloro Isocyanuric Acid — have been exported to India from China at under regular costs.
In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, mentioned that the duty imposed “shall be levied for a period of five years” on imports of Soft Ferrite Cores, vacuum insulated flask, and Trichloro Isocyanuric Acid.
The anti-dumping duty of as much as $873 per tonne was imposed provisionally on aluminium foil for six months.
The authorities has imposed the duty within the vary of $276 per tonne to $986 per tonne on imports of the acid (a water therapy chemical) from China and Japan.
On imports of Soft Ferrite Cores (utilized in electrical automobiles, chargers, and telecom units), as much as 35% duty was imposed on CIF (price, insurance coverage freight) worth.
Similarly on vacuum insulated flask, $1,732 per tonne anti-dumping duty was levied.
These duties are imposed after suggestions for a similar have been made by the Commerce Ministry’s investigation arm DGTR (directorate basic of commerce treatments).
Anti-dumping probes are performed by nations to find out whether or not home industries have been damage due to a surge in low-cost imports.
As a countermeasure, they impose these duties underneath the multilateral regime of Geneva-based World Trade Organization (WTO). The duty is aimed toward making certain honest buying and selling practices and making a level-playing area for home producers vis-a-vis international producers and exporters.
India has earlier already imposed anti-dumping duty on a number of products to deal with low-cost imports from numerous nations, together with China.
India and China each are members of the WTO. China is the second largest buying and selling associate of India. The nation has again and again flagged critical issues over the widening commerce deficit with the neighbouring nation, which stood at $85 billion in 2023-24.
Published – March 23, 2025 03:18 pm IST
