No plan to impose anti-dumping duty on some Chinese & other imports

The story: The government decided not to impose anti-dumping on imports of certain copper products, used in the electrical industry, from China, Thail

No plan to impose anti-dumping duty on some Chinese & other imports

---

• The story: The government decided not to impose anti-dumping on imports of certain copper products, used in the electrical industry, from China, Thailand, Korea and three other countries. In April '21, the commerce ministry's arm Directorate General of Trade Remedies (DGTR) had recommended imposing the duty on "copper and copper alloy flat-rolled products" from China, Korea, Malaysia, Nepal, Sri Lanka and Thailand.
• Final decision: In such matters, it is the finance ministry which takes the final call to impose these duties. The latest order says: "The central government has decided not to impose anti-dumping duty on imports of copper and copper alloy flat-rolled products originating in or exported from China, Korea, Malaysia, Nepal, Sri Lanka and Thailand, proposed in the said final findings (of DGTR)."

1. The duty proposed by the DGTR was in the range of $42 per tonne to $1,077 per tonne.
2. Copper flat-rolled products are used in power distribution, electrical and electronic switchgear, automotive electronics, and radiators.
3. The directorate is the investigative arm of the commerce ministry, which probes dumping of goods, a significant increase in imports and subsidised imports from India's trade partners.

• Anti-dumping: Countries carry out anti-dumping probes to determine whether their domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose duties under the multilateral regime of the WTO (World Trade Organisation). The duty is to ensure fair trade practices and create a level playing field for domestic producers concerning foreign producers and exporters.
• Knowledge centre:

1. Dumping of goods - "Dumping" happens when foreign firms dump products at artificially low prices in the Indian market. This could be because countries unfairly subsidise products or companies have overproduced and are now selling the products at reduced prices in other markets. According to global trade norms (WTO), a country is allowed to impose tariffs on such dumped products to provide a level-playing field to domestic manufacturers. The duty is imposed only after a thorough investigation by a quasi-judicial body, such as DGTR, in India.
2. Anti-dumping duty - An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. While the intention of anti-dumping duties is to save domestic jobs, these tariffs can also lead to higher prices for domestic consumers.
3. DGTR - The Directorate General of Trade Remedies (earlier known as Directorate General of Anti-dumping and Allied Duties) was named in May 2018 as an integrated single window agency for providing comprehensive and swift trade defence mechanism in India. DGTR functions as an attached office of Department of Commerce, Ministry of Commerce and Industry. It is a professionally integrated organisation with multi-spectrum skill sets emanating from officers drawn from different services and specialisations. The DGTR brings DGAD, DGS and Safeguards (QR) functions of DGFT into its fold by merging them into one single national entity. DGTR now deals with Anti-dumping, CVD and Safeguard measures. It also provides trade defence support to our domestic industry and exporters in dealing with increasing instances of trade remedy investigations instituted against them by other countries. 

 

Join PT courses | PT Youtube | PT App | Contribute |  Testimonials