India imposes anti-dumping duty on five Chinese products
New Delhi, Mar 23 (PTI): India has imposed anti-dumping duty on five Chinese goods, including vacuum flasks and aluminium foil, during the month so far to guard domestic players from cheap imports from the neighbouring country.
These duties were imposed as these products -- Soft Ferrite Cores, certain thickness of vacuum insulated flask, aluminium foil, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride Paste Resin -- were exported to India from China at below normal prices.
In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed "shall be levied for a period of five years" on imports of Soft Ferrite Cores, vacuum insulated flask, and Trichloro Isocyanuric Acid.
The anti-dumping duty of up to USD 873 per tonne was imposed provisionally on aluminium foil for six months.
The government has imposed the duty in the range of USD 276 per tonne to USD 986 per tonne on imports of the acid (a water treatment chemical) from China and Japan.
On imports of Soft Ferrite Cores (used in electric vehicles, chargers, and telecom devices), up to 35 per cent duty was imposed on CIF (cost, insurance freight) value.
Similarly on vacuum insulated flask, USD 1,732 per tonne anti-dumping duty was levied. The levy, which ranges from USD USD 89 per tonne to USD 707 per tonne, on Poly Vinyl Chloride Paste Resin was slapped on the imports from China, Korea RP, Malaysia, Norway, Taiwan and Thailand for five years.
These duties are imposed after recommendations for the same were made by the commerce ministry's investigation arm DGTR (directorate general of trade remedies).
Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports.
As a countermeasure, they impose these duties under the multilateral regime of Geneva-based World Trade Organization (WTO). The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.
India has earlier already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China.
India and China both are members of the WTO. China is the second largest trading partner of India. The country has time and again flagged serious concerns over the widening trade deficit with the neighbouring country, which stood at USD 85 billion in 2023-24.
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Meghalaya MP death: Assembly session for Feb 20 likely to be adjourned, says CM
Shillong (PTI): The Meghalaya assembly session for February 20, during which the state budget is scheduled to be presented, could be adjourned as a mark of respect to Shillong MP Ricky A J Syngkon, who died on Thursday evening, Chief Minister Conrad K Sangma said.
Syngkon reportedly collapsed while playing futsal on the outskits of the city, and doctors at a private hospital declared him dead around 8:45 pm.
"We have discussed with Deputy Chief Minister and in-charge of Parliamentary Affairs, Prestone Tynsong, and we will have a meeting tomorrow with the Business Advisory Committee (BAC) headed by the Speaker," Sangma told PTI.
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"I have communicated to the Deputy CM that it would be appropriate for the government not to go ahead with the proceedings of the House tomorrow. Even though tomorrow is the day we are supposed to present the budget, it will make absolute sense and a mark of respect to the departed soul if we were to postpone even the presentation of the budget," he said.
Sangma expressed shock over the sudden demise of Syngkon, recalling their recent meeting in Delhi where they discussed development plans for Meghalaya.
"I had met Syngkon about two weeks back in Delhi... that was the last meeting and conversation I had with him," the CM said.
Sangma recalled Syngkon's commitment and passion for the people of Khasi and Jaintia Hills, describing his demise as a "great loss for the state".
"Syngkon served the people with humility, vision and a sincere desire to uplift society. I express my deepest condolences to the family of late Ricky Syngkon, and I pray to the Almighty that he gives strength to the family members as well as his supporters and party leaders to bear the huge loss," the chief minister added.
