Anti-dumping duty Current Affairs - 2019
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The Union Finance Ministry’s Revenue Department has imposed a five year anti-dumping duty on Sodium Nitrite imports from China. It was imposed based on recommendations of Directorate General of Antidumping and Allied Duties (DGAD).
In its sunset review, the DGAD concluded that there is “continued dumping” of the ‘sodium nitrite’ from China and it is causing injury to the domestic industry.
Sodium Nitrite is a white crystalline powder. It is an oxidising and also a reducing agent. It is mostly used in the pharmaceutical and dye industries, lubricants, construction chemicals, rubber blowing agent, meat processing, and textiles.
Countries impose anti-dumping duties to safeguard domestic industry from surge in below-cost imports. It is not a measure to restrict import or cause an unjustified increase in cost of products. Anti-dumping duty is imposed inorder to ensure fair trade and provide a level-playing field to the domestic industry.
It is protectionist and counter import measure used by a country under the multilateral World Trade Organisation (WTO) regime. The DGAD, under the Union Commerce Ministry, recommends the duty, while the Union Finance Ministry imposes the same. India so far has also imposed similar anti-dumping duties on import of several other products including steel, fabrics and chemicals from different countries including China.
Tags: Anti-dumping duty • DGAD • Imports • India-China • National
The Union Finance Ministry (Revenue Department) has imposed anti-dumping duty on certain “textured toughened (tempered) glass” imported from China.
The duty aims at protecting the domestic industry from cheaper imports. It will be effective for five years.
Textured toughened (tempered) glass
It is also known as solar glass, low iron solar glass or high transmission photovoltaic glass. It is used as a component in solar photovoltaic (PV) panels and solar thermal applications.
The dumping duty was imposed by revenue department based on the recommendations of Directorate General of Anti-Dumping and Allied Duties (DGAD). Investigations of DGAD had found that the tempered glass has been exported to India from China below its associated normal market value. It was also found that domestic industry had suffered material injury due to cheap imports from China.
Anti-dumping duty is an import duty imposed by government on imported products which have prices less than their normal values or domestic price. It is protectionist and counter import measure used by a country under the multilateral World Trade Organisation (WTO) regime to protect its domestic producers and market from below-cost/cheap imports. It varies from product to product and from country to country. In India, it is recommended by the Union Ministry of Commerce (i.e. by DGAD), while the Union Finance Ministry imposes it.
Anti-dumping duty on Chinese Products
So far, Government has imposed anti-dumping duty on 93 products imported from China. These products belong to a broad group of chemicals and petrochemicals, fibres and yarn, products of steel and other metals, machinery items, electric and electronic items, rubber or plastic products and consumer goods, among others.