Indian Government has decided not to impose countervailing duty on Aluminium Primary Foundry Alloy Ingot being imported from Malaysia, as the Finance Ministry has not accepted the recommendations of the Directorate General of Trade Remedies. The Commerce Ministry's DGTR had conducted a probe into alleged exports subsidization by Malaysia on 'aluminium primary foundry alloy ingot in different forms following a complaint by the domestic industry and had recommended imposition of the duty in January 2022. While the DGTR recommends the duty, the finance ministry takes the final call on the imposition.In an application to the directorate, domestic firms had alleged that subsidized imports from Malaysia are causing material injury to them and had requested the imposition of countervailing duties on the imports.Countervailing duty is a country-specific duty imposed to safeguard the domestic industry against unfair trade subsidies provided by local governments of exporting nations. Under the global trade rules of the World Trade Organization, a member country is allowed to impose anti-subsidy or countervailing duty if a product is subsidized by the government of its trading partner.
Indian Government has decided not to impose countervailing duty on Aluminium Primary Foundry Alloy Ingot being imported from Malaysia, as the Finance Ministry has not accepted the recommendations of the Directorate General of Trade Remedies. The Commerce Ministry's DGTR had conducted a probe into alleged exports subsidization by Malaysia on 'aluminium primary foundry alloy ingot in different forms following a complaint by the domestic industry and had recommended imposition of the duty in January 2022. While the DGTR recommends the duty, the finance ministry takes the final call on the imposition.In an application to the directorate, domestic firms had alleged that subsidized imports from Malaysia are causing material injury to them and had requested the imposition of countervailing duties on the imports.Countervailing duty is a country-specific duty imposed to safeguard the domestic industry against unfair trade subsidies provided by local governments of exporting nations. Under the global trade rules of the World Trade Organization, a member country is allowed to impose anti-subsidy or countervailing duty if a product is subsidized by the government of its trading partner.
