05-10-2023 12:27 PM | Source: Accord Fintech
DGTR recommends imposition of anti-dumping duty on imports of optical fibres from China, Korea and Indonesia
News By Tags | #590 #248 #2251 #1946

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

The commerce ministry‘s arm Directorate General of Trade Remedies (DGTR) has recommended imposition of anti-dumping duty on imports of a certain type of optical fibres from China, Korea and Indonesia to protect the domestic industry from cheap inbound shipments. The DGTR has recommended the duty after conducting an investigation on the dumped imports of ‘Dispersion Unshifted Single-mode Optical Fiber’ from these countries. The product is mainly applied to high-data rate, long distance and access network transportation.

Birla Furukawa Fibre Optics, on behalf of the domestic industry, has asked for initiation of an anti-dumping investigation on this product coming from these countries. The applicant had alleged that material injury is being caused to the domestic industry due to the dumped imports and has requested for the imposition of the duties. The directorate in its findings has concluded that the domestic industry has suffered material injury due to the dumped imports.

DGTR in a notification said the presence of dumped imports in the Indian market forced the applicant to sell the product at prices below its cost of sales, thereby incurred losses and adversely affected the profitability parameters of the domestic industry. The authority recommends imposition of definitive anti-dumping duties so as to remove the injury to the domestic industry. The recommended duty was in the range of $122 per KFKM and $857.23 per KFKM.