India May Implement Anti-Dumping Duty for Auto Parts
May 4 – India may implement a provisional anti-dumping duty for imports of front axle beam and steering knuckles used to manufacture commercial vehicles as a precaution for the local industry against cheaper Chinese shipments entering the country.
The duty would cost from US$0.50 per kg. to US$0.69 per kg.
The Directorate General of Anti-dumping and Allied Duties (DGAD) told The Economic Times that the imposition of the duty on imports was recommended to the Commerce Ministry for the front axle beam and steering knuckles to check the damage to the domestic industry.
The DGAD said the Chinese products shipped to India cost less than the normal price. “The domestic industry has suffered material injury,” added DGAD pertaining to the the cheap imports from China.
This is not the first time India will be implementing anti-dumping duty on Chinese imports. It has done so in the past for items such as yarn, fabrics, some of the stainless steel products and chemicals imported from China.
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