Govt might prolong anti-dumping obligation on imports of clear float glass
The directorate has stated there’s a chance of dumping and harm to the home trade, if the prevailing anti-dumping duties are allowed to stop.
As a consequence of this, the authority is of the view that continuation of obligation is required in opposition to Pakistan, Saudi Arabia and United Arab Emirates.
“The authority considers it essential to advocate continuation of definitive anti-dumping obligation as modified on all imports of the products from these international locations,” DGTR stated in a notification.
The prevailing obligation will expire in December.
Earlier than expiry of the stated obligation, home producers constituting Saint-Gobain India, Sisecam Flat Glass India Ltd and Gold Plus Glass Trade Ltd had filed an utility in March 2019 earlier than the authority, on behalf of the home trade, alleging chance of continuation or recurrence of dumping of the glass from these international locations.
They’ve requested for a evaluation of the identical for continuation and enhancement of the anti-dumping duties.
The DGTR has advisable obligation within the vary of $25.59 per tonne and $165 per tonne within the imports.
International locations perform anti-dumping probe to find out whether or not their home industries have been harm due to a surge in low cost imports.
As a counter measure, they impose duties beneath the multilateral regime of the World Commerce Group.
The obligation is geared toward making certain honest commerce practices and making a level-playing discipline for home producers with regard to overseas producers and exporters.Get entry to India’s quickest rising monetary subscriptions service Moneycontrol Professional for as little as Rs 599 for first yr. Use the code “GETPRO”. Moneycontrol Professional gives you all the data you want for wealth creation together with actionable funding concepts, unbiased analysis and insights & evaluation For extra info, take a look at the Moneycontrol web site or cell app.