Union Ministry of Finance imposed Anti-dumping duty on imports of graphite electrodes
With this move, government aims to protect the domestic industry from below-cost shipments of graphite electrodes.
Union Ministry of Finance on 16 February 2015 imposed the anti-dumping duty on imports of graphite electrodes for five years. The imposed duty ranges between 278.19 US dollars and 922.03 US dollars per tonne.
With this move, government aims to protect the domestic industry from below-cost shipments of graphite electrodes. The graphite electrodes are used in melting of steel.
The decision was taken following the recommendations of the Directorate General of Anti-Dumping Duty (DGAD).
Earlier, DGAD had conducted investigation into dumping following the petition filed by domestic manufacturers like HEG Limited and Graphite India Limited.
It said that the production, sales and capacity utilisation of the domestic industry declined in January 2012-December 2012 after a healthy growth during the previous years. While the imports increased substantially over the period from April 2009 to December 2012.
About Anti-Dumping Duty
Anti-Dumping Duty is the duty imposed by government on imported products which have prices less than their normal values or domestic price. It is imposed under the World Trade Organisation (WTO) regime and varies from product to product and from country to country.
In India, anti-dumping duty is recommended by the Union Ministry of Commerce while it is imposed by the Union Ministry of Finance.