Anti-dumping duty Current Affairs

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Union Government slaps anti-dumping duty on stainless steel

Union Government has imposed anti-dumping duty on import of cold-rolled flat products of stainless steel for 5 years from 7 countries.

The government’s decision comes on the recommendation of Directorate General of Anti-dumping and Allied Duties (DGAD) in the wake of rising incidence of dumping. It was hampering the performance of domestic industry and with steel prices on a decline.

These countries are China, South Korea, United States, South Africa, Thailand and Taiwan and the European Union.

The highest duty has been imposed on steel imports from China at 57.39 per cent, followed by EU at 52.56 per cent. Imports from Thailand will have the least duty imposed at 4.58 per cent.

Earlier in September 2015 Government had imposed 20 per cent provisional safeguard duty on a specific hot-rolled imported steel product.

Anti-dumping duty: It is counter import measure used by a country under the multilateral World Trade Organisation (WTO) regime to protect its domestic producers and market from below-cost/cheap imports. It varies from product to product and from country to country.

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Union Government imposes anti-dumping duty on Chinese auto parts

The Union Finance Ministry has imposed anti-dumping duties on imported Chinese auto parts used in commercial vehicles for a period of five years.

Decision in this regard was taken following recommendations of the Directorate-General of Anti-Dumping and Allied Duties (DGAD).

Chinese items like Front-axle beam and steering knuckles meant for heavy and medium commercial vehicles were imported into India at prices less than even cost of production in domestic market.

Anti-dumping duties was also imposed on

  • Fully-drawn/oriented yarn, spin-drawn yarn and flat yarn of polyester (non-textured) imported from China and Thailand for 5 years.
  • Plain medium density fibre board of thickness six mm and above imported from Malaysia, China, Thailand and Sri Lanka for a period of 5 years.
  • Hexamine used in making of phenolic resins imported from China and the United Arab Emirates (UAE) for 5 years.

Anti-dumping duties: It is counter import measure used by a country under the multilateral World Trade Organisation (WTO) regime to protect its domestic producers and market from below-cost/cheap imports. It varies from product to product and from country to country.

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EU imposes anti-dumping duty on Indian steel pipes

European Union (EU) has imposed a provisional anti-dumping duty of up to 31.2 per cent on imports of sewage and water steel pipes from India for six months to protect its domestic industry.

This decision was taken after European Commission in its anti-dumping probe concluded that the material injury was caused by the dumped imports from India to the Union industry.

The anti-dumping probe was conducted by Commission with regard to imports of tubes and pipes of ductile cast iron used for sewage disposal, drinking water supply and irrigation of agricultural land, originating from India on 20 December 2014.

The probe was initiated by the European Commission following complaints filed by Saint-Gobain PAM group on behalf of producers.

Implications: This move will have negative impact on Indian exporters of these pipes to the European market. During October 2013 and September 2014 period, Indian export had significantly increased by over 22 per cent in terms of volume.

It should be noted that countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below cost (cheap) imports.  Anti-dumping duty is imposed as a counter-measure to protect domestic industry under the multilateral World Trade Organisation (WTO) regime.

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