Wait...
  1. Home >
  2. Export Import News >
  3. Import News >
  4. Govt considering 25% safeguard duty on imports of single-mode optical fibre >
  5. Govt considering 25% safeguard duty on imports of single-mode optical fibre

Online Export Import Data Search

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

Govt considering 25% safeguard duty on imports of single-mode optical fibre.


Date: 08-11-2019
Subject: Govt considering 25% safeguard duty on imports of single-mode optical fibre
The Centre is considering a 25 percent provisional safeguard duty on the import of single-mode optical fibre, used for signal transmission.

This follows a Commerce Ministry investigation initiated by the Directorate General of Trade Remedies (DGTR) in September after domestic industry complained. It found a sudden and significant surge in these imports.

The preliminary findings concluded that the product is being imported in increased quantities and may cause serious damage to the domestic industry, DGTR said.

"Existing critical circumstances justify the immediate imposition of a provisional safeguard duty in order to save the domestic industry manufacturing like or directly competitive products," it said.

"Considering the critical circumstances and the extent of serious injury, pending final determination of the rate of safeguard duty, a provisional safeguard duty of 25 per cent is proposed to be imposed on the imports of single-mode optical fibre...from all countries, " the DGTR notification read.

However, certain developing countries would be exempted from this decision, it said. The Finance Ministry will make the final decision to impose the duty.

Safeguard duty is a trade remedy available to World Trade Organization member countries. It is imposed to provide a level-playing field to domestic players in case of a sudden and significant increase in imports of a product.

The application for the DGTR investigation was made by Sterlite Technologies and Birla Furukawa Fibre Optics.

The applicants claimed their profitability considerably declined during this period and they are running losses. They also claimed that low-cost imports forced their companies to reduce their prices, which has resulted in significant price depression.

The single-mode optical fibre is used for signal transmission with certain bands and for manufacturing optical fibre cable.

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: 08-02-2020
Notification No. 08/2020-Customs
Seeks to exempt specified goods from Health Cess imposed on the medical devices falling under heading 9018 to 9022 in terms of clause 139 of the Finance Bill, 2020.

Date: 06-02-2020
Notification No.11/2020 - Customs (N.T.)
Exchange Rates Notification No.11/2020-Custom (NT) dated 06.02.2020

Date: 03-02-2020
Notification No. 11/2020-Customs (N.T./CAA/EXTENSION/DRI)
Appointment of CAA by DGRI

Date: 03-02-2020
Notification No. 12/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI

Date: 02-02-2020
Notification No. 06/2020 – Customs
Seeks to further amend notification No. 24/2005-Customs, dated the 1st March, 2005 so as to exclude copper and articles thereof from the exemption provided to raw materials use for manufacturing of ITA goods specified therein the notification

Date: 02-02-2020
Notification No. 07/2020 – Customs
Seeks to further amend notification No. 25/2005-Customs, dated the 1st March, 2005 so as to exclude copper and articles thereof from the exemption provided to raw materials use for manufacturing of ITA goods specified therein the notification.

Date: 02-02-2020
Notification No. 09/2020-Customs (N.T.)
Appointment of CAA by DGRI

Date: 02-02-2020
Notification No. 09/2020-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 to change the anti-circumvention provision and make certain other miscellaneous changes.

Date: 02-02-2020
Notification No.10/2020-Customs (N.T.)
Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidised Articles and for Determination of Injury) Rules, 1995 to introduce anti-circumvention provisions in these rules and make certain other miscellaneous changes.

Date: 02-02-2020
Notification No. 08/2020-Customs
Seeks to exempt specified goods from Health Cess imposed on the medical devices falling under heading 9018 to 9022 in terms of clause 139 of the Finance Bill, 2020.



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