Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

India imposes anti-subsidy duty on imports of copper wire rods from 4 nations.


Date: 14-01-2020
Subject: India imposes anti-subsidy duty on imports of copper wire rods from 4 nations
India has imposed anti-subsidy duty for a period of five years on copper wire rods from Indonesia, Malaysia, Thailand and Vietnam after concluding a probe that these imports have impacted domestic players.

In a notification, the finance ministry said that it has imposed the anti-subsidy or countervailing duty after considering the final findings of the commerce ministry's investigating arm Directorate General of Trade Remedies (DGTR).

DGTR has recommended imposition of the duty on the imports of 'continuous cast copper wire rods' from these four countries.

"The countervailing duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)...," the notification said.

In its probe, the DGTR had concluded that the products have been exported to India from these countries at subsidised prices.

Last year, domestic players had filed an application before the directorate stating alleged subsidisation of the products from these four nations, and requested the initiation of an anti-subsidy investigation.

It had stated that the domestic industry has suffered material injury due to subsidisation of the product and the injury has been caused by the subsidised imports of the goods originating in or exported from these countries.

The duty imposed was in the range between 2.47 per cent and 10.27 per cent on the landed value of the product in India.

The petitioners had alleged that the producers/exporters of the goods in these countries have benefitted from the "actionable subsidies" provided at various levels by the governments of these countries.

Countervailing or anti-subsidy duty is a country-specific duty which is imposed to safeguard domestic industry against unfair trade subsidies provided by the local governments of the exporting nations.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 31-07-2020
Notification No. 64/2020-Customs (N.T.)
Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2020.

Date: 31-07-2020
Notification No. 65/2020-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver - Reg.

Date: 31-07-2020
Notification No. 66/2020-CUSTOMS (N.T.)
Notification 66/2020-Cus. (N.T.) dated 31.07.2020 on the subject Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2020

Date: 30-07-2020
Circular No.34/2020-Customs
2nd phase of All India roll-out of Faceless Assessment - reg.

Date: 30-07-2020
Notification No.63/2020-Customs (N.T.)
Notification No.63/2020-Customs(N.T.) dated 30.07.2020 to amend Notification No.92/2017-Customs (NT), dated 28.09.2017 to specify the jurisdiction of Commissioner (Appeals) to assessment orders passed by Faceless Assessment Groups - Reg.

Date: 30-07-2020
Trade Notice No.: 20 /2020-21-DGFT
Procedure and Criteria for submission and approval of applications for export of Diagnostic Kits

Date: 30-07-2020
Trade Notice No.: 21/2020-21-DGFT
Procedure and Criteria for submission and approval of applications for export of Medical Goggles

Date: 30-07-2020
Trade Notice No.: 22 /2020-21-DGFT
Procedure and Criteria for submission and approval of applications for export of 2/3 Ply Surgical Masks

Date: 30-07-2020
Trade Notice No. 23/2020-2021
Issuance of Preferential Certificate of Origin for India’s exports to Thailand under ASEAN-India FTA

Date: 29-07-2020
Notification No. 20/2020-CUSTOMS (ADD)
Seeks to impose provisional anti-dumping duty on imports of Aniline originating in or exported from China PR for a period of six months.



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001