India Imposes CVD on Imports of Aluminium Wire Rod from Malaysia
India’s Director General of Trade Remedies announced that based on the duly substantiated application with prima facie evidence filed by the Applicants, it has initiated an anti-subsidy investigation on import of Aluminium Wire &Wire Rods above 7 mm diameter originating in or exported from Malaysia. DGTR has recommends imposition of countervailing duty equal to the lesser of margin of subsidy and the margin of injury, so as to remove the injury to the Domestic Industry. The Authority recommends imposition of definitive countervailing duty as below on all imports of goods
Press Metal Bintulu Sdn Bhd - 6.8669%
Press Metal Aluminium Rods Sdn Bhd - 6.8669%
Other - 16.4874%
Vedanta Limited and Bharat Aluminium Company Limited had jointly filed an application for initiation of anti-subsidy investigation concerning imports of Aluminium Wire & Wire Rods above 7 mm diameter originating in or exported from Malaysia
The product under consideration in the present investigation was defined in the notice of initiation as "Aluminium "Wire Rods above 7 mm dia". The scope of the product under consideration includes both alloyed and non-alloycd wire- wire rods. The major raw material used for manufacturing the product under consideration is alumina. The product under consideration is produced and obtained by casting primary aluminium hot metal obtained from smelting of alumina. Wire/ Wire rods can also be produced by melting of scrap. Wire rod produced through scrap is beyond the scope of the product under consideration. The product under consideration is primarily used in electrical industry, steel industry and others. The product is classified under the Chapter 76 of the Customs Tariff Act, 1975 (51 of 1975) under customs heading 76011040, 76012040, 76041010, 76042920, 76051100 and 76052100.