New Delhi, Mar 24 (KNN) India has imposed anti-dumping duties on five products imported from China, including vacuum flasks and aluminum foil, to protect local industries from unfairly low-priced imports.
These goods, including Soft Ferrite Cores, vacuum insulated flasks, aluminum foil, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride Paste Resin, were found to be sold in India at prices below normal market value.
According to notifications from the Central Board of Indirect Taxes and Customs, the duties will be applicable for five years on imports of Soft Ferrite Cores, vacuum insulated flasks, and Trichloro Isocyanuric Acid.
A provisional anti-dumping duty, up to USD 873 per ton, has been levied on aluminum foil imports for a duration of six months, as reported by PTI.
The government has also imposed duties ranging from USD 276 per ton to USD 986 per ton on Trichloro Isocyanuric Acid, a chemical used for water treatment, imported from both China and Japan.
For Soft Ferrite Cores, used in devices like electric vehicles, chargers, and telecom equipment, a duty of up to 35% of the CIF (cost, insurance, freight) value will be applied.
In the case of vacuum insulated flasks, an anti-dumping duty of USD 1,732 per ton has been imposed, while duties on Poly Vinyl Chloride Paste Resin imports range from USD 89 per ton to USD 707 per ton.
These duties apply to imports from China, Korea, Malaysia, Norway, Taiwan, and Thailand, and will remain in effect for five years.
These measures follow recommendations made by the Directorate General of Trade Remedies (DGTR), the investigation arm of the Ministry of Commerce.
Anti-dumping duties are imposed by countries to protect domestic industries from a surge in imports at unfairly low prices, in accordance with the rules set by the World Trade Organization (WTO).
India has previously imposed similar duties on various products to counteract cheap imports from countries like China. As both India and China are WTO members, this action reflects India’s ongoing concerns about the growing trade deficit with its neighboring country, which reached USD 85 billion in 2023-24.
(KNN Bureau)
