India imposed anti-dumping duty on buses, Trucks import from china

Vastavam web: India has imposed anti-dumping duty on import of certain type of radial tyres used in buses and trucks to protect domestic manufacturers from below cost shipments from China for five years.The anti-dumping duty has been imposed in the range of USD 245.35 – 452.33 per tonne, said a notification issued by the Central Board Excise and Customs (CBEC).The levy follows recommendation for the same by Directorate General of Anti-dumping and Allied Duties (DGAD).
Earlier, Automotive Tyre Manufacturers’ Association (ATMA) had filed an application on behalf of the domestic producers — Apollo Tyres, J K Tyre Industries and Ceat, had approached DGAD for investigations in dumping of tyres.It found that the tyres have been exported to India from the subject country “below normal value”.Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports.Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.