GSTnews item25 September 2019

Govt probing significant rise in imports of single-mode optical fibre, may impose safeguard duty

News Update

Govt probing significant rise in imports of single-mode optical fibre, may impose safeguard duty

Published Date: Sep 26, 2019
Source: ICAI PD Committee
The government may impose safeguard duty on imports of single-mode optical fibre, as it has initiated a probe into sudden and significant surge in the inbound shipments of the product following a complaint from the domestic industry. According to a notification of the Directorate General of Trade Remedies (DGTR), an application has been filed by Sterlite TechnologiesNSE 2.50 % and Birla Furukawa Fibre Optics for imposition of safeguard duty on the fibre as the increase in imports is impacting them.
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Govt probing significant rise in imports of single-mode optical fibre, may impose safeguard duty