The DGTR, the investigative arm of the Commerce Ministry, has recommended that anti-dumping duties be maintained for five years on certain steel imports from China in order to protect domestic manufacturers from cheap inbound shipments from the neighboring country.

In a notification, the Directorate General of Trade Remedies (DGTR) stated that there is a likelihood of continuation / recurrence of dumping and injury to the domestic industry should the existing duty on imports of certain products be repealed. “Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel or alloy steel” from China.

“The Authority recommends that the anti-dumping duties be maintained on imports of the subject goods … originating in or exported from the country in question (China) for five years from the date of the notification in this regard issued by the central government, It said.

The recommended duty is the difference between the landed value of the goods and US $ 546 per tonne. If the landed value is more than US $ 546 per tonne, anti-dumping duties will not apply, he added.

“The authority is of the opinion that the continued imposition of anti-dumping duties is required on imports,” said the DGTR.

The existing law was applicable until January of next year.

In a separate notification, the DGTR recommended the removal of anti-dumping duties on flexible PVC films imported from China.

“Even if there is continued dumping of the subject goods from China, the likelihood of continuation / recurrence of injury to the domestic industry in the event of the duty revocation could not be conclusively established. due to the lack of sufficient independent corroborating evidence, ” It said.

In international trade parlance, dumping occurs when a country or a company exports an item for less than the price of that product in its domestic market.

Dumping has an impact on the price of this product in the importing country, affecting the margins and profits of manufacturing companies.

According to global trade standards, a country is allowed to impose tariffs on these dumped products in order to provide a level playing field for domestic manufacturers. The duty is only imposed after a thorough investigation by a quasi-judicial body, such as the DGTR, in India.

In its investigation, management must conclude whether the imported products have an impact on domestic industries.

The imposition of anti-dumping duties is permitted under the World Trade Organization (WTO) regime. India and China are members of this Geneva-based organization, which deals with global trade standards. China is a key trading partner for India.

The law aims to ensure fair trade practices and to create a level playing field for domestic producers vis-à-vis foreign producers and exporters.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)