GSTnews item13 May 2021

Commerce Ministry seeks anti-dumping duty on certain rubber imported from 4 countries

News Update

Commerce Ministry seeks anti-dumping duty on certain rubber imported from 4 countries

Published Date: May 14, 2021
Source: ICAI PD Committee
The commerce ministry recommended imposition of anti-dumping duty on a certain type of rubber imported from China, European Union, Japan, and Russia, in order to guard domestic manufacturers from cheap inbound shipments. Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding in its probe that ”Acrylonitrile Butadiene Rubber” from these regions has been exported at dumped prices into India, which impacted the domestic industry. “The authority recommends imposition of definitive anti-dumping duties on import of subject goods originating in or exported from subject countries,” DGTR has said in a notification. The recommended duty is the difference between the landed value of the product and USD 2,086 per tonne. Apcotex Industries Ltd had filed an application before the directorate for imposition of anti-dumping duty on the imports. It had alleged that dumping of the product from these countries are impacting the domestic industry.
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