MUMBAI (Scrap Register): The federal government has imposed anti-dumping responsibility on imports of sure sort of metal merchandise from China, Vietnam and Korea for 5 years stating that the home trade has suffered materials damage on account of dumping of the products from these international locations.
“The anti-dumping responsibility imposed underneath this notification shall be efficient for a interval of 5 years (until revoked, amended or outmoded earlier) from the date of imposition of the provisional anti-dumping responsibility, that’s, October 15, 2019,” the division of income mentioned in a notification.
The ministry additional mentioned that it has beneficial for imposition of definitive anti-dumping responsibility equal to the lesser of the margin of dumping and the margin of damage, in order to take away the damage to the home trade.
With a view to protect home producers from low-cost imports from these international locations, the federal government has determined to impose anti-dumping responsibility within the vary of USD 13.07 per tonne to USD 173.1 per tonne on imports of ‘Flat rolled product of metal, plated or coated with alloy of Aluminium and Zinc’ from these three international locations.
The imposition of anti-dumping responsibility is permissible underneath the World Commerce Group (WTO) regime and is aimed toward guaranteeing honest buying and selling practices and making a level-playing subject for home producers versus overseas producers and exporters.