India imposes anti-dumping duties on five Chinese products to protect local industries | India News – The Times of India

India has imposed anti-dumping duties on five products imported from China, together with vacuum flasks and aluminium foil, to protect local industries from unfairly low-priced imports. These items – Tender Ferrite Cores, vacuum insulated flasks, aluminium foil, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride Paste Resin – had been discovered to be bought in India at costs under regular market worth.
In accordance to notifications from the Central Board of Oblique Taxes and Customs, the duties shall be relevant for five years on imports of Tender Ferrite Cores, vacuum insulated flasks, and Trichloro Isocyanuric Acid. A provisional anti-dumping obligation, up to USD 873 per tonne, has been levied on aluminium foil imports for a period of six months, information company PTI reported.
The authorities has additionally imposed duties starting from USD 276 per tonne to USD 986 per tonne on Trichloro Isocyanuric Acid, a chemical used for water therapy, imported from each China and Japan. For Tender Ferrite Cores, utilized in units like electrical automobiles, chargers, and telecom tools, an obligation of up to 35% of the CIF (value, insurance coverage, freight) worth shall be utilized.
Within the case of vacuum insulated flasks, an anti-dumping obligation of USD 1,732 per tonne has been imposed, whereas duties on Poly Vinyl Chloride Paste Resin imports vary from USD 89 per tonne to USD 707 per tonne. These duties apply to imports from China, Korea, Malaysia, Norway, Taiwan, and Thailand, and can stay in impact for five years.
These measures comply with suggestions made by the Directorate Normal of Commerce Cures (DGTR), the investigation arm of the Ministry of Commerce. Anti-dumping duties are imposed by international locations to protect home industries from a surge in imports at unfairly low costs, in accordance with the principles set by the World Commerce Group (WTO).
India has beforehand imposed related duties on varied products to counteract low-cost imports from international locations like China. As each India and China are WTO members, this motion displays India’s ongoing considerations in regards to the rising commerce deficit with its neighbouring nation, which reached USD 85 billion in 2023-24.