The anti-dumping duty levied under this notification will remain in force till 31 October 2021 if it is not withdrawn earlier, or if it is not amended.
Government hikes anti-dumping duty on tubes, pipes till October
The government has increased the anti-dumping duty applicable to some varieties of integrated tubes and pipes up to 31 October this year to protect domestic manufacturers from cheap imports from China. The Central Board of Indirect Taxes and Customs (CBIC) has said in a notification, that the anti-dumping duty levied under this notification will remain in force till 31 October 2021 if it is not withdrawn earlier, or if no amendment is made to it.
The government has provided seamless tubes, pipes and iron, mixed or non-alloyed steel (except cast iron and stainless steel), whether melted or cold rolled, and the outer enclosure of not more than 355.6 millimeters. Ho, for the first time in May 2016, a fee was levied on such goods.
The Directorate General of Trade Remedies (DGTR), the investigative unit of the Commerce Minister, has recommended to increase the anti-dumping duty after completing its investigation. The DGTR recommends levy of charges, while the Finance Ministry imposes it.
Anti-dumping duty imposed on Aniline
Earlier, the government imposed anti-dumping duty on aniline chemical to be imported from China. This anti-dumping duty was imposed for 5 years. Aniline is used in the chemical rubber and textile industry. Apart from this, it has started investigating the deals of Tetrafluro ethane to be imported from China. The purpose of this investigation is also to impose duty on Tetrafluro ethane chemical.
What is anti dumping duty?
Anti-dumping duty is a tariff that the government imposes on foreign imports and imposes on products that are priced below fair market value. Dumping is a process where a company exports a product at a lower price than it would normally charge in its home market. For security, many countries impose harsh tariffs on their products, believing that they are being dumped in the national market, reducing local businesses and markets.
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