New Delhi, September 17
The Commerce Ministry’s investigation arm DGTR (Directorate General of Trade Remedies) has initiated a probe into an alleged circumvention of the anti-dumping responsibility imposed on the imports of ‘axle for trailers’ from China.
‘Axle for trailers’ are utilized in autos.
The anti-dumping responsibility on the product was imposed by the Finance Ministry in November 2016.
According to a notification, the Directorate has obtained info from Commissioner of Customs (Imports), Nhava Sheva that the responsibility is being circumvented because the product is being imported in CKD (Complete Knock Down)/SKD (Semi-Knock Down) type after which assembled as ‘axle for trailers’.
The prima facie proof signifies circumvention of the responsibility and undermining of the efficacy of the responsibility on the product.
“The authority hereby initiates an anti-circumvention investigation,” it stated.
In a separate notification, the directorate stated it had additionally began a probe into dumping of ‘sodium hydrosulphite’ – utilized in numerous sectors comparable to textiles, cleaning soap, and glue – by China and Korea.
It began the probe after a agency filed an software earlier than the Directorate, alleging that dumping of the chemical was impacting the trade.
In worldwide commerce parlance, dumping occurs when a rustic or a agency exports an merchandise at a value decrease than the value in its home market.
Dumping impacts the value of that product within the importing nation, hitting margins and income of the manufacturing companies.
The responsibility is geared toward making certain truthful buying and selling practices and making a level-playing discipline for home producers vis-a-vis overseas producers and exporters. PTI