India has initiated a probe into the alleged dumping of aluminium foil from China, Indonesia, Malaysia and Thailand following a complaint by domestic manufacturers.
Bengaluru: India has initiated a probe into the alleged dumping of aluminium foil from China, Indonesia, Malaysia and Thailand following a complaint by domestic manufacturers. Hindalco Industries, Raviraj Foils and Jindal India have filed an application before the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR), seeking initiation of anti-dumping investigation on imports of 'Aluminium foil 80 micron and below' from these countries.
Dumping terribly affects the local industry.
In a notification, DGTR said that on the basis of prima facie evidence submitted by the applicants, "the authority, hereby, initiates an investigation".
While DGTR recommends the duty, the finance ministry imposes it.
The period of investigation is from April 2019 - March 2020. It would also look into the data of April 2016-19 period.
This is not the first time a probe has been ordered. India had initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.
In another move to safeguard domestic players, India has imposed anti-dumping duty on imports from Malaysia for five years.
After conducting a probe, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) had recommended anti-dumping duty on electronic calculators from Malaysia. "The anti-dumping duty imposed (USD 0.92 per piece) shall be effective for a period of five years (unless revoked, amended or superseded earlier)," the department of revenue has said in a notification.
In its findings of the probe, the DGTR had concluded that the product has been exported to India from Malaysia below its associated normal value, which is amounting to dumping and the domestic industry has suffered material injury due to the dumping.
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Last Updated 23, Jun 2020, 12:57 PM