Thursday, November 07, 2024

Business

Commerce Ministry recommends continuation of anti-dumping duty on Chinese tiles

Commerce Ministry recommends continuation of anti-dumping duty on Chinese tiles

The Ministry of Commerce has recommended the continuation of anti-dumping tasks on Chinese tiles, used to cover the floors and walls in buildings, for five more years with a view to keeping domestic players from cheap imports.

In the notification, an investigation into the Ministry of Directorate General of Trade (DGTR), said there was evidence of “positive” possibility of porcelain / vitrified tiles that layered / unglazed in layers polished or not polished with less than 3 percent. Water absorption and injury in the domestic industry, if the existing anti-dumping task will be deleted.

“The authority considers it necessary to recommend the continuation of definitive anti-dumping tasks” on tiles for the next five-year period, said.

Directorate has recommended USD 1.87 per task sq meter ton. The Ministry of Finance took the final decision to impose this task.

In its probe, the Directorate has concluded that the product continues to be exported to India at prices below normal values ​​which results in sustainable dumping.

“The volume of imports remains low because of the applicable antidumping tasks. However, the volume of import tends to increase significantly, considering the low prices and disposed of where goods have been exported from China to third countries, significant surplus capacity in China plus further addition to capacity, “He added.

Association of Gujarat Granito Manufacturers, Council of India for ceramic tiles and sanitaryware, Morbi ceramics associations, and Sabarkantala District Ceramics Associations have requested initiates Investigating Sunset reviews to anti-dumping tasks imposed on imported tiles from China.

In international trade, dumping occurs when a country or company exports items at lower prices than product prices in their domestic market.

Dumping has an impact on the price of the product in the importing country, regarding margins and profits of manufacturing companies. According to global trade norms, a country is permitted to impose tariffs on products that are disposed of to provide levels of playing levels to domestic producers.

The task was charged only after a thorough investigation by the body of the quasi-judicial body, such as DGTR, in India. The imposition of anti-dumping tasks is permitted under the World Trade Organization regime (WTO).

India and China are members of this Geneva-based organization, which is related to global trade norms. China is the main Indian trading partner.

India and China are members of this Geneva-based organization, which is related to global trade norms. China is the main Indian trading partner.

This task aims to ensure fair trade practices and create fields of playing levels for domestic producers Vis-AP manufacturers and foreign exporters.

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