The finance ministry has imposed anti-dumping duties on imported Chinese parts used in commercial vehicles for a period of five years.
- The duties were slapped on Chinese items imported into India at prices less than even cost of production.
Anti-dumping duty has also been levied on fully-drawn or fully-oriented yarn, spin-drawn yarn, and flat yarn of polyester (non-textured) imported from China and Thailand.
Duty was also imposed on plain medium density fibre board of thickness 6 mm and above, imported from China, Malaysia, Thailand and Sri Lanka for a period of five years.
These decisions were taken following recommendations of the directorate-general of anti-dumping and allied duties.
These decisions were taken following recommendations of the directorate-general of anti-dumping and allied duties.
What is anti-dumping duty?
A penalty imposed on suspiciously low-priced imports, to increase their price in the importing country and so protect local industry from unfair competition.
A penalty imposed on suspiciously low-priced imports, to increase their price in the importing country and so protect local industry from unfair competition.
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