The government decided not to impose anti-dumping duties on imports of a certain type of fiberboard, used to make furniture and cabinets, from Vietnam, Malaysia, Thailand and Indonesia, in accordance with a memorandum from the Ministry of Revenue.

The investigation department of the Ministry of Commerce, DGTR, recommended in April the imposition of a duty for five years on “ordinary medium density fibreboard less than 6 mm thick” after concluding in an investigation that the domestic industry was affected as a result of the dumping of goods from these countries. .

The Trade Remedies Directorate (DGTR) has suggested a fee in the range of $ 227.47 to $ 258.42,944 per cubic meter.

The investigation was conducted following a complaint from domestic manufacturers.

While management recommends these obligations, the Ministry of Revenue makes the final decision to impose them.

“The central government has decided not to impose anti-dumping duties on imports of medium density plain fibreboard less than 6mm thick originating in or exported from Vietnam, Malaysia, Thailand and Indonesia … “, says the memorandum.

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

Dumping has an impact on the price of this product in the importing country, affecting the margins and profits of domestic 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. The imposition of anti-dumping duties is permitted under the World Trade Organization (WTO) regime.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor