Government will not impose anti-dumping duties on the importation of certain copper items
The government has 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, according to a memorandum from the office.
In April, the Trade Remedies Directorate (DGTR) of the Ministry of Commerce recommended imposing duties on “flat-rolled copper and copper alloy products” from China, Korea, Malaysia, Nepal. , Sri Lanka and Thailand, after conducting an investigation.
“The central government has decided not to impose anti-dumping duties on imports of flat-rolled copper and copper alloy products originating in or exported from China, Korea, Malaysia, Nepal, Sri Lanka and Thailand, proposed in said final conclusions (of DGTR) ”, according to the memo, dated July 2, from the revenue department.
The tariff proposed by the DGTR was in the range of USD 42 per tonne to USD 1,077 per tonne.
The Ministry of Finance makes the final decision to impose these fees and issues a notification about it.
Flat-rolled copper products are used in power distribution, electrical and electronic switchgear, automotive electronics and radiators.
The branch is the investigative arm of the Ministry of Commerce, which investigates the dumping of goods, a significant increase in imports and subsidized imports from India’s trading partners.
Countries are conducting anti-dumping investigations to determine whether their domestic industries have been affected due to an increase in cheap imports. As a countermeasure, they impose duties under the multilateral regime of the WTO (World Trade Organization).
The duty is to ensure fair trade practices and to create a level playing field for domestic producers vis-à-vis foreign producers and exporters.
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