Pramod Thomas | Mar 14, 2018 | 0
India likely to impose Anti-dumping duty on rubber
Indian government mulls 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. The move is to protect domestic players from cheap imports, news agencies have reported. Directorate General of Antidumping and Allied Duties (DGAD), an investigation arm of the commerce ministry, have made this recommendation.
DGAD has stated that dumping of Styrene Butadiene Rubber of 1,500 and 1,700 series from these regions are “suppressing the prices of the domestic industry, impacting profitability”. The suggested duty ranges between USD 26.58 per tonne to USD 266 per tonne.
The Indian Synthetic Rubber Pvt Ltd and Reliance Industries Ltd have filed the application for the dumping investigations.
Imports of this rubber from these three regions have increased to 1,48,732 tonnes during the period of investigations (October 2014- September 2015) from 1,18,468 tonnes in 2012-13.
India has also imposed similar duties on several other products including steel, fabrics and chemicals being exported by different countries here like China.
Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.