SynopsisIndia has extended its anti-dumping duty on specific types of Chinese Steel Wheels for five more years. The decision follows a review by the designated authority, which found that the subject goods were likely to enter the Indian market at dumped prices. The duty of $613 per metric ton will be imposed on all imports of these steel products from China for the next five years.ArticleIndia has taken a significant step in its trade policies by extending the anti-dumping duty on certain types of Chinese Steel Wheels for an additional five years. This move comes after a thorough review conducted by the designated authority.The anti-dumping duty, which amounts to $613 per metric ton, is specifically aimed at 'Flat Base Steel Wheels' falling under sub-heading 8708 70 of the Customs Tariff Act. This duty was originally imposed in 2018, and its continuation was under consideration.In its final findings, published in June 2023, the designated authority reached several conclusions. Firstly, it noted that the subject goods were likely to enter the Indian market at dumped prices if the anti-dumping duties in force ceased to operate. This highlighted the necessity of maintaining the duty to protect domestic industries.Furthermore, the evidence revealed that Chinese exporters were selling these steel products to third countries at significantly dumped and injurious prices. This practice raised concerns about the impact on the Indian market.The review also established that the Indian industry would not gain any undue advantage from the extension of existing duties. It was noted that healthy competition persisted in the Indian market, and continuing the duties would not deprive the user industry of its requirements.In light of these findings, the designated authority recommended the continued imposition of the $613 per metric ton anti-dumping duty for a period of five years on all imports of the subject goods originating in or exported from China.ConclusionIndia's decision to extend the anti-dumping duty on specific types of Chinese steelwheelsis a measure aimed at safeguarding its domestic industries and ensuring fair trade practices. The review found compelling reasons to continue this duty, including the risk of dumped prices in the Indian market and evidence of injurious pricing by Chinese exporters. With this extension, India reinforces its commitment to maintaining a level playing field in the steel sector.
SynopsisIndia has extended its anti-dumping duty on specific types of Chinese Steel Wheels for five more years. The decision follows a review by the designated authority, which found that the subject goods were likely to enter the Indian market at dumped prices. The duty of $613 per metric ton will be imposed on all imports of these steel products from China for the next five years.ArticleIndia has taken a significant step in its trade policies by extending the anti-dumping duty on certain types of Chinese Steel Wheels for an additional five years. This move comes after a thorough review conducted by the designated authority.The anti-dumping duty, which amounts to $613 per metric ton, is specifically aimed at 'Flat Base Steel Wheels' falling under sub-heading 8708 70 of the Customs Tariff Act. This duty was originally imposed in 2018, and its continuation was under consideration.In its final findings, published in June 2023, the designated authority reached several conclusions. Firstly, it noted that the subject goods were likely to enter the Indian market at dumped prices if the anti-dumping duties in force ceased to operate. This highlighted the necessity of maintaining the duty to protect domestic industries.Furthermore, the evidence revealed that Chinese exporters were selling these steel products to third countries at significantly dumped and injurious prices. This practice raised concerns about the impact on the Indian market.The review also established that the Indian industry would not gain any undue advantage from the extension of existing duties. It was noted that healthy competition persisted in the Indian market, and continuing the duties would not deprive the user industry of its requirements.In light of these findings, the designated authority recommended the continued imposition of the $613 per metric ton anti-dumping duty for a period of five years on all imports of the subject goods originating in or exported from China.ConclusionIndia's decision to extend the anti-dumping duty on specific types of Chinese steelwheelsis a measure aimed at safeguarding its domestic industries and ensuring fair trade practices. The review found compelling reasons to continue this duty, including the risk of dumped prices in the Indian market and evidence of injurious pricing by Chinese exporters. With this extension, India reinforces its commitment to maintaining a level playing field in the steel sector.
