New Delhi: India has imposed anti-dumping tariffs on cheap imports from China for five years to protect local manufacturers. Five Chinese products, including some aluminum products and some chemicals, have been targeted.
Sodium hydrosulfite (used in the dye industry), silicon sealant (used in the manufacture of solar photovoltaic modules and thermal power projects), and hydrofluorocarbon compounds (used in the refrigeration industry) are subject to the approval of the Central Board of Direct Taxes CBI and Customs.
The tariffs are based on the recommendations of the Directorate General of Trade Remedies (DGTR), the investigative arm of the Ministry of Commerce.
A special inquiry by the DGTR found that the products were being imported at below-normal prices in the Indian market. According to the DGTR, this has caused significant damage to the domestic industry. That is why it was suggested to impose anti-dumping duty.
It has also increased tariffs on imports of calcined gypsum powder from Iran, Oman, Saudi Arabia and the United Arab Emirates (UAE) for five years.
Content Highlights: anti dumping duties imposed on few chineese products by central government