India Starts Anti-dumping Probe on Chinese Belting Fabric
New Delhi: The Government has initiated investigations into the alleged dumping of Chinese waist fabric used to manufacture seat belts following a complaint by SRF Ltd.
The investigation branch of the Ministry of Commerce – DGD in a notification stated that “there is sufficient prima facie evidence of dumping” of the Chinese product to justify the opening of the probe.
“The authority hereby declines an investigation into the alleged dumping and consequent injury to the domestic industry … to determine the existence, extent and effect of any alleged dumping and to consider recommending an amount of the anti-dumping duty which , if perceived, would be adequate to eliminate the injury to the domestic industry, “the notification added.
SRF Ltd filed an application with the DGAD for the initiation of an anti-dumping investigation and the imposition of the duty on imports of belts.
If it is established that dumping has caused material injury to domestic players, the administration would recommend the imposition of the anti-dumping duty on cable.
Antidumping duties are imposed to provide fair conditions to local industry by protecting imports below cost. The investigation period covers April 2016 and March 2017.
The imposition of an anti-dumping duty is permitted under the World Trade Organization (WTO) regime. India and China are members of the Geneva-based organization.
The duty is to ensure fair trade practices and create conditions of equality for domestic producers with respect to foreign producers and exporters.
They do not constitute a measure to restrict the importation or to cause an unjustified increase of the cost of the products.
Last month, the Minister of Trade and Industry, Nirmala Sitharaman, in a written response to Rajya Sabha, reported that the anti-dumping duty is current on 93 products concerning imports from China.