Anti-dumping duty slapped on steel wheels from China

29/03/2013 12:00 - 432 Views

The Finance Ministry has imposed definitive anti-dumping duty on steel wheels imported from China for use in commercial vehicles.

This duty will last for five years unless revoked earlier.

It will be applicable on flat base steel wheels (nominal diameter 16”-20”) used in tube tyre applications in commercial vehicles.

Wheels India Ltd, Chennai and Kalyani Lemmerz Ltd had filed the petition seeking sunset review investigations on flat base steel wheels imports from China.

Steel Strips Wheels Ltd had supported the application despite having low production.

Based on the recommendations of the Designated Authority in the final findings in the Sun Set review investigations, the Revenue Department has imposed anti-dumping duty on such wheels.

For all steel wheels produced and exported by Zhengxing Wheel Group Co. Ltd, the Revenue Department has imposed anti-dumping duty of $512.64 per tonne.

For any other producer and exporter of such steel wheels, the anti-dumping duty has been pegged at $613 per tonne.

New Delhi, March 28, 2013

By K. R. Srivats

Source: thehindubusinessline.com