DGTR recommends anti-dumping duty on Chinese electrical steel imports for 5 years
With an aim to safeguard domestic players from cheap inbound shipments, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has recommended imposition of anti-dumping duty for five years on imports of cold rolled non-oriented electrical steel from China. In its final findings, the DGTR has concluded that the product has been exported to India at a price below the normal value, resulting in dumping. The recommended duty on certain Chinese firms is $223.82 per tonne, while on a few others $414.92 per tonne.
Meanwhile, the final decision to impose anti-dumping duty on cheap imports is taken by finance ministry. Countries conduct anti-dumping probes to determine whether the domestic industries have been hurt because of a surge in cheap imports. Besides, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation (WTO) as a countermeasure.
The anti-dumping is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. India has already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China.
