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INDIA TO IMPOSE ANTI-DUMPING DUTY ON TBR TYRES: MINISTER
Time: Jul 25th 2017 Copy editor: Tyrefull
After the proposed move to impose anti-dumping duty on SBR, the Commerce Ministry is planning to impose anti-dumping duty on import of truck and bus radial tyres. The move is to guard domestic rubber players from cheap imports from China.
Indian Minister of State for MSME Haribhai Parthibhai Chaudhary has recently informed the Parliament that as per information received from Rubber Board, Ministry of Commerce & Industry, imposition of anti-dumping duty on import of TBR is under process with Directorate General of Anti-Dumping and Allied Duties (DGAD). Earlier, DGAD has recommended imposition of anti- dumping duty of up to USD 266 per tonne on a certain type of rubber, used in items like footwear and conveyor belts, from EU, Korea and Thailand.
“As per the information available from the Rubber Board, rubber products including tyres enter India from China at a reduced duty, 8.6 per cent, under Asia Pacific Trade Agreement as compared to the basic duty of 10 per cent, causing surge in import from the neighbouring country. Major rubber products imported from China are under HS Code 4011 (new pneumatic tyres) and HS Code 4016 (other articles of vulcanised rubber). Most of the products under HS 4016 are products manufactured by micro, small and medium enterprises (MSMEs),” the Minister said.
But Chaudhary elaborated that no study or investigation was carried out to assess the impact of cheap products of rubber on India’s MSME sector as per Directorate General of Safeguards (Central Board of Excise and Customs).
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. Unlike the safeguard duty, which is levied in a uniform way, anti-dumping duty varies from company to company and country to country.
Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports.
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