CURRENT AFFAIRS: NATIONAL NEWS
India imposes anti-dumping duty on Chinese goods for 5 years
- India has imposed anti-dumping duties on five Chinese products, including certain aluminum goods and some chemicals, for five years to guard local manufacturers from cheap imports from the neighboring country.
List of Products :
- As per separate notifications of the Central Board of Indirect Taxes and Customs (CBIC),
- Flat-rolled products of aluminum
- Hydrofluorocarbon (HFC) component R-32
- Silicone sealant (used in the manufacture of solar photovoltaic modules and thermal power applications)
- Sodium hydrosulfite (used in the dye industry)
- Hydrofluorocarbon mixtures (both have found use in the refrigeration industry).
- These duties were imposed following recommendations of the Commerce Ministry’s investigation arm, the Directorate General of Trade Remedies (DGTR).
- DGTR has concluded that these products have been exported to the Indian markets at below normal value, which has resulted in dumping.
- CBIC has also imposed duty for five years on imports of calcined gypsum powder from the United Arab Emirates (UAE), Saudi Arabia, Oman, and Iran.
