India has slapped anti-dumping duties on five Chinese products, including some aluminum items and chemicals, for a period of five years in order to protect local producers from low-cost imports from the neighboring country.
Anti-dumping
Anti-dumping investigations are launched by countries to see if their domestic industries have suffered as a result of an increase in imports below cost. As a retaliation, they use the multilateral WTO system to levy duties. Anti-dumping measures are used to ensure that trade is fair and that domestic industries have equal chances. India and China are both members of the World Trade Organization, which is situated in Geneva (WTO). India has filed the most anti-dumping cases against China’s dumping imports.
Product list
The duty has been imposed on certain flat-rolled aluminum products; the hydrofluorocarbon (HFC) component R-32; silicone sealant (used in the manufacture of solar photovoltaic modules and thermal power applications); sodium hydrosulfite (used in the dye industry); and hydrofluorocarbon mixtures, according to separate notifications from the Central Board of Indirect Taxes and Customs (CBIC) (both have found use in the refrigeration industry). In separate investigations, the DGTR found that these products were exported at a price below their usual value in Indian markets, resulting in dumping.
According to the DGTR, the dumping has caused serious harm to the domestic sector. “The anti-dumping duty imposed under this notification (on Silicone Sealant) shall be payable in Indian currency and shall be levied for a period of five years (unless revoked, superseded, or amended earlier) from the date of publication of this notification in the Official Gazette,” according to the CBIC.
Karnataka imposes travel rules for short-term travellers from Maharashtra
The finance ministry imposes the duty, whereas the DGTR advises it. Anti-dumping investigations are launched by countries to see if a boom in low-cost imports has harmed the native industry. They impose duties within the multinational WTO mechanism as a counter-measure. Anti-dumping measures are used to ensure fair trade and a level playing field for domestic manufacturers. India and China are both members of the World Trade Organization, which is situated in Geneva (WTO).
India has filed the most anti-dumping cases against China’s dumping imports. India’s exports to China totaled USD 12.26 billion from April to September 2021, while imports totaled USD 42.33 billion, resulting in a USD 30.07 billion trade deficit.
