India may impose anti-dumping duty on Chinese castings

By: | Published: August 4, 2017 2:32 PM

The government may impose anti- dumping duty on castings for wind operated power generators from China to guard domestic players from below-cost imports.

anti dumping duty, duty on chinese items, anti dumping duty on china product, china product sale in india, india china product saleCastings for wind-operated electricity generators are also known as windmill or wind turbine. (Source: IE)

The government may impose anti- dumping duty on castings for wind operated power generators from China to guard domestic players from below-cost imports. Larsen & Toubro Ltd had filed the application before the Directorate General of Antidumping and Allied Duties (DGAD) for initiation of anti-dumping probe on imports of a certain type of castings for wind operated electricity generators exported from China. Castings for wind-operated electricity generators are also known as windmill or wind turbine. In its final findings, DGAD has concluded that the product has been exported to India from China at below normal values. “Material injury has been caused by the dumped imports” of the product, it has said in a notification. The DGAD “considers it necessary to recommend imposition of definitive anti-dumping duty on imports” from China, it added. The product is already attracting anti-subsidy or countervailing duty. DGAD has recommended a duty equivalent to the difference between the quantum of anti-dumping duty calculated and the quantum of anti-subsidy duty payable. Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports. India has also imposed similar duties on import of several other products including steel, fabrics and chemicals from different countries including China.

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.
They are not a measure to restrict import or cause an unjustified increase in cost of products.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition