KOCHI: The Directorate General of Anti-Dumping and Allied Duties (DGAD) has recommended the imposition of anti-dumping duty on truck and bus radial (TBR) tyres imports from China in its final report.
The report has been submitted to the Finance Ministry which will take the final decision and issue the notification.
After examining the submissions made and issues raised, DGAD has concluded that TBR has been exported to India from China below normal value, which has caused material injury to the domestic industry. It noted that that there has been significant increase in dumped imports and the landed prices of imports have been significantly below the level of cost of sales of the domestic industry.
The authority has recommended imposition of anti-dumping duty on exporter-specific basis in its report and ranging from $245.35 to $452.33 per tonne.
The injury investigation period has been considered from April 2012.
Source: economictimes.indiatimes.com