December 20, 2022
The government has initiated a probe into dumping
According to a WTO report, India, the US and Brazil were the leading initiators
of anti-dumping investigations in 2015. The injury investigation period will
also cover 2012-2013, 2013-2014, 2014-2015, April 2015-December 2015. to
determine the existence, degree and effect of dumping and recommend the amount
of anti-dumping duty, which if levied, would be adequate to remove the injury to
the domestic industry," the DGAD has said in a notification.According to a WTO
report, India, the US and Brazil were the leading initiators of anti-dumping
investigations in 2015. Countries start anti-dumping probe to determine whether
their domestic industries have been hurt due to surge in below-cost imports..
The Directorate General of Anti-Dumping and Allied Duties (DGAD) "prima facie
finds sufficient evidence of dumping" of the products from that country.
The government has initiated a probe into dumping of certain steel items
used in automotive and construction industry from China, in order to protect the
domestic industry. India has already imposed anti-dumping duty on several
products to tackle cheap imports from some countries including China. The China
Zinc Alloy Single Expansion Anchors products under consideration in this
investigation are bars and rods, hot-rolled, irregularly wound coils, iron or
non-alloy steel or alloy steel, which are commonly known as wire rods. "The
authority hereby initiates an investigation into the alleged dumping causing
consequent injury to the domestic industry.. The period of investigation covers
July-December 2015. The duty is aimed at ensuring fair trading practices and
creating a level-playing field for domestic producers vis-a-vis foreign
producers and exporters.. As a counter measure, they impose duties under the
multilateral regime of WTO. Besides, it said the applicants have requested for
retrospective imposition of the anti-dumping duty. The WTO members initiated 107
new anti-dumping investigations from January-June 2015, slightly up from 106 in
the same period in 2014, the report added. It is used in many applications and
sectors such as automotive components, welding electrodes, fasteners including
nuts and bolts, nails, railway sleepers, general engineering, binding wires for
construction industry, armoured cables. SAIL, Rashtriya Ispat Nigam, Usha Martin
and JSW Steel have filed a petition before the DGAD for initiation of
anti-dumping investigation and imposition of the taxes on the alleged dumped
imports of "Wire Rod of Alloy or Non-Alloy Steel" originating in or exported
from China
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