India: Dumping duty imposed on non-radial bias tyres from China, Thailand

16/10/2012 12:00 - 443 Views

The Finance Ministry has imposed definitive anti-dumping duty on non-radial bias tyres (used in buses and trucks) from China and Thailand.

This duty will be valid for a period of five years, the Revenue Department has said.

The move follows recommendation from the Designated Authority in the Commerce Ministry to continue anti-dumping duty on imports of non-radial bias tyres from Thailand and China.

The anti-dumping duty will also be applicable on certain tubes and flaps.

In the case of imports from Thailand, the anti-dumping duty has been pegged at $ 0.86/kg.

For imports from China, the anti-dumping duty has been pegged at $1.12/kg for tyres produced by Hangzhou Zhongce Rubber Co Ltd. In all other cases of imports from China, the anti-dumping duty has been pegged at $1.31/kg.

New Delhi, Oct 11, 2012

By K. R. Srivats

Source: thehindubusinessline.com