India has imposed anti-dumping duties on imports of Plastic Processing Machines from China and Taiwan, aimed at safeguarding the domestic industry.
The Ministry of Finance, via a gazette notification, determined that specific items from two countries were being exported to India at dumped prices, prompting the imposition of anti-dumping duties to protect domestic industries.
It also found that the domestic industry has suffered a material injury due to dumped imports from those countries.
The Ministry concluded that dumped imports of these goods from China and Taiwan have caused “material injury” to India’s domestic industry, justifying the imposition of anti-dumping duties to level the playing field.
Against that backdrop, the finance ministry “recommended imposition of an anti-dumping duty on the imports of subject goods, originating in, or exported from the subject countries and imported into India, in order to remove injury to the domestic industry.”
The imposed anti-dumping duties range from 27 per cent to 63 per cent of the CIF (Cost, Insurance, and Freight) value of the goods, varying based on the country of origin, country of export, and producer.
The anti-dumping duty imposed shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of the notification.
The anti-dumping duties shall be payable in Indian currency.
