India: Government to check cheap imports

28/06/2012 12:00 - 451 Views

NEW DELHI: The government has decided to arm itself with more ammunition for trade defense, besides trying to be more agile in dealing with cheap imports that are dumped into the Indian market.

It has already discussed with the industry the possibility of shrinking the investigation period for anti-dumping probes to nine months, from an average of 12 months. The law gives the government 18 months to complete such investigations which require authorities to impose duty if duty is proved along with injury to the local industry.

"We have told the industry that we can complete the investigations within nine months, provided they give the required inputs," said an official. From the time a complaint is filed, the process includes prima facie establishment of a case, submission of preliminary findings and levy of provisional duty which is followed by the final report and duty.

Jun 27, 2012, 02.27AM IST

By Sidhartha

Source: timesofindia.indiatimes.com