Commerce Ministry seeks anti-dumping duty on certain rubber imported from 4 countries
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Last Updated: May 13, 2021, 08:59 PM IST
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Synopsis
Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding in its probe that Acrylonitrile Butadiene Rubber from these regions has been exported at dumped prices into India, which impacted the domestic industry.
Agencies
Dumping impacts the price of that product in the importing country, hitting margins and profits of manufacturing firms.
The commerce ministry recommended imposition of anti-dumping duty on a certain type of rubber imported from China, European Union, Japan, and Russia, in order to guard domestic manufacturers from cheap inbound shipments. Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding in its probe that Acrylonitrile Butadiene Rubber from these regions has been exported at dumped prices into India, which impacted the domestic industry.