Govt Imposes Anti-Dumping Duty on Chinese Glass Ware.

New Delhi, Mar 15 (PTI) India has imposed anti-dumping duty of up to 40.9 per cent on the import of glass fibre, used in automobiles, electrical insulation and heat resistant fabrics, from China to protect domestic players.

The restrictive duty on import of glass fibre would be imposed for a period of five years, the Department of Revenue said.
The duty would be ranged between 7.46 per cent to 40.91 per cent on the CIF (cost, insurance and freight) value of imports of the Fibre from China, it added.

"The anti-dumping duty imposed shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty (July 14, 2010)," the department said.

The Directorate General of Anti-Dumping and Allied Duties (DGAD), a nodal agency under the Commerce Ministry, had recommended the imposition of the duty after an investigation.

The country has already imposed duty on imports of fabric, yarn, nylon tyre cord and several chemicals from China.
Anti-dumping duty is recommended by the Commerce Ministry, while the Finance Ministry imposes the same.

The DGAD concluded in its probe that the domestic industry had suffered a material injury on account of dumped imports of the product from China.

Unlike safeguard duties, which are levied in a uniform way, anti-dumping duties vary from product-to-product and from country-to-country.

Countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in cheap imports.

As a counter-measure, they impose duties under the multilateral WTO regime. Anti-dumping measures are taken to ensure fair trade and provide a level playing field to domestic players. It is not a measure to restrict imports or cause an unjustified increase in the cost of products.

Source : news.in.msn.com