Anti dumping duty on China: After the Galvan Valley incident, under the Vocal for Local Government of India has announced to impose anti-dumping duty on some goods imported from China for five years. This has been done to protect domestic manufacturing from China. China has always taken advantage of the WTO and Free Trade Agreement and has dumped Chinese goods of cheap and inferior quality on a large scale in India. However, the government is now taking it seriously.
Duty on Fiber Glass Measuring Tapes
The Directorate General of Trade Remedies (DGTR) has imposed anti-dumping duty on steel and fiber glass measuring tapes imported from China. DGTR is the Investigation Wing of the Ministry of Commerce.
Local manufacturers will benefit
DGTR said that China is continuously dumping this item in the Indian market. Due to dumping, the price is very low, which can make it easy to enter the Indian market. In such a situation, it has been decided to impose anti-dumping duty to protect the local manufacturers.
How will duty be done?
The Department of Revenue removed the notification saying that certain goods imported from China have been imposed with definitive anti-dumping duty for five years. On some companies it will be US $ 1.83 per kg, while on some companies it will be US $ 2.56 per kg. This duty will have to be paid in Indian currency. This duty was first imposed for five years on 9 July 2015. Now the same has been extended again for the next five years.