India imposes anti-dumping duty on glasses and Chinese radiators

India has imposed anti-dumping duty on certain glasses imported from Iran and Chinese aluminium radiators to protect the country’s domestic industry.

Created On: May 16, 2017 17:20 ISTModified On: May 16, 2017 17:31 IST

India has imposed anti-dumping duty on certain types of glasses from Iran and aluminium radiators from China in order to protect the domestic industry from cheap imports.

While an anti-dumping duty of about USD 55.59 per tonne has been imposed on clear float glass, duty of about USD 22.89 has been slammed on imports of aluminium radiators.

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Key Details

• The imposed fine on both products would be effective for a period of five years.

• Clear float glass is a superior quality glass that is used in construction, refrigeration, mirror and solar energy industries.

• In a separate probe, the Directorate General of Anti-dumping and Allied Duties (DGAD) had concluded that these products were dumped into India and have caused material injury to the domestic industry.

• Three companies including Saint-Gobain India had filed the application for dumping probe of this product.

• The other two producers of this glass in India are- Asahi India Glass Ltd and Gujarat Guardian.

• Similarly, Banco Products (India) had filed the application for dumping probe of aluminium radiators from China.

Countries initiate an anti-dumping investigation in order to determine if the domestic industry has suffered from the flow of below-cost import and as a counter-measure, they come up with duties under the multi-lateral WTO regime.

The anti-dumping steps are not taken to restrict imports or cause an unreasonable increase in the cost of products but instead to ensure fair trade and to provide a level-playing field to the domestic industry.

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एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

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