Government imposes anti-dumping duty on tempered glass from China
The Union Finance Ministry (Revenue Department) has imposed anti-dumping duty on certain “textured toughened (tempered) glass” imported from China.
The duty aims at protecting the domestic industry from cheaper imports. It will be effective for five years.
Textured toughened (tempered) glass
It is also known as solar glass, low iron solar glass or high transmission photovoltaic glass. It is used as a component in solar photovoltaic (PV) panels and solar thermal applications.
The dumping duty was imposed by revenue department based on the recommendations of Directorate General of Anti-Dumping and Allied Duties (DGAD). Investigations of DGAD had found that the tempered glass has been exported to India from China below its associated normal market value. It was also found that domestic industry had suffered material injury due to cheap imports from China.
Anti-dumping duty is an import duty imposed by government on imported products which have prices less than their normal values or domestic price. It is protectionist and 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. In India, it is recommended by the Union Ministry of Commerce (i.e. by DGAD), while the Union Finance Ministry imposes it.
Anti-dumping duty on Chinese Products
So far, Government has imposed anti-dumping duty on 93 products imported from China. These products belong to a broad group of chemicals and petrochemicals, fibres and yarn, products of steel and other metals, machinery items, electric and electronic items, rubber or plastic products and consumer goods, among others.
Categories: Governance & Politics