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(India) Anti-dumping duty on Chinese, Thai tyres likely
01/03/2010 12:00
New Delhi, Feb 22 (PTI) India is likely to impose an anti-dumping duty on import of bus and truck radial tyres to protect domestic manufacturers from surge in cheap shipments from China and Thailand.
The Directorate General of Anti-dumping and Allied Duties (DGAD) in the commerce ministry has recommended imposition of anti-dumping duty to the extent of USD 90 per bus or truck tyre.
"Anti-dumping duty to be imposed on new/unused pneumatic radial tyres, with or without tubes and flaps of rubber used in buses and lorries/trucks," the DGAD said.
The final decision on the recommendation will be taken by the Finance Ministry.
Import of these products from China had increased to 16,861 tonnes in 2006-07 from a mere 1,361 tonnes in 2004-05.
The investigations studied data relating to this period.
The government acted on complaints from domestic manufacturers of radial tyres represented by the Automotive Tyre Manufacturers Association (ATMA).
The Directorate General of Anti-dumping and Allied Duties (DGAD) in the commerce ministry has recommended imposition of anti-dumping duty to the extent of USD 90 per bus or truck tyre.
"Anti-dumping duty to be imposed on new/unused pneumatic radial tyres, with or without tubes and flaps of rubber used in buses and lorries/trucks," the DGAD said.
The final decision on the recommendation will be taken by the Finance Ministry.
Import of these products from China had increased to 16,861 tonnes in 2006-07 from a mere 1,361 tonnes in 2004-05.
The investigations studied data relating to this period.
The government acted on complaints from domestic manufacturers of radial tyres represented by the Automotive Tyre Manufacturers Association (ATMA).
STAFF WRITER 18:57 HRS IST
Source: www.ptinews.com
Source: www.ptinews.com
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