Vadodara-based Banco Products (India), which manufactures radiators, intercoolers and condensors for vehicles, had filed an application for a dumping probe of aluminium radiators from China.
16 May 2017 | 13848 Views | By Autocar Professional Bureau
In a bid to protect domestic industry from cheap imports, India has imposed anti-dumping duty on Chinese aluminium radiators and also on clear float glass from Iran.
While an anti-dumping duty of up to US$ 22.89 per tonne has been imposed on imports of aluminium radiators used in the automotive industry, ...
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In a bid to protect domestic industry from cheap imports, India has imposed anti-dumping duty on Chinese aluminium radiators and also on clear float glass from Iran.
While an anti-dumping duty of up to US$ 22.89 per tonne has been imposed on imports of aluminium radiators used in the automotive industry, a $55.59 per tonne anti-dumping duty has been slapped on clear float glass (used in the construction, refrigeration, mirror and solar energy industries). The duty on both the products would be effective for a period of five years.
As per a PTI report, the commerce ministry's investigation arm – Directorate General of Anti-Dumping and Allied Duties (DGAD) – concluded that these products were dumped into India, causing material injury to the domestic industry.
The Vadodara-based Banco Products (India), which is a leading OEM supplier and manufacturer of radiators, intercoolers and condensors for passenger cars, trucks and tractors, had filed an application for a dumping probe of aluminium radiators from China. Banco Products is also India’s leading exporter of aftermarket radiators to the Europe, with a growing presence in the North American/Middle Eastern/African and South American markets.
Countries initiate anti-dumping probe to determine if the domestic industry has been hurt by flooding of below-cost import. As a counter-measure, they come up with duties under the multi-lateral WTO regime. Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict import or cause an unjustified increase in cost of products.