India imposes anti-dumping duty on clear float glass from Malaysia

India has imposed anti-dumping duty on clear float glass imported from Malaysia at up to $326 per metric tonne, for five years. Separately, it revoked anti-dumping duty imposed on acrylic fibre originating in or exported from Thailand.

The government made the announcements via two separate notifications issued by the department of revenue on Wednesday.

The duty on clear float glass of thickness between 4mm and 12mm has been imposed on recommendations of the Directorate General of Trade Remedies which sought imposition of “definitive anti-dumping duty on the imports of subject goods… in order to remove injury to the domestic industry.”

“The goods have been exported to India below its associated normal value, thus resulting in dumping… the domestic industry has suffered material injury due to dumped imports from the subject country,” the notification added.

The anti-dumping duty will be effective for a period of five years unless revoked, superseded or amended earlier, from November 11, 2020. For companies Kibing Group (M) Sdn. Bhd and Xinyi Energy Smart (Malaysia) Sdn. Bhd, import rates of $273.12 and $272.87, respectively, will be imposed as duties per metric tonne.

The anti-dumping duty on acrylic fibre originating in or exported from Thailand has been removed. The duty was first imposed in June, 2015.

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.

Dumping impacts the price of the product in the importing country, hitting margins and profits of manufacturing firms.

READ  Japan Supreme Court rejects Carlos Ghosn appeal: Report

According to global trade norms, a country is allowed to impose tariffs on such dumped products to provide a level-playing field to domestic manufacturers. The duty is imposed only after a thorough investigation by a quasi-judicial body, such as DGTR, in India.

Imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and Vietnam are members of the Geneva-based organisation, which deals with global trade norms.

The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.



Please enter your comment!
Please enter your name here