India has imposed anti-dumping duty on clear float glass, used in automobiles and refrigeration industries, from Malaysia for five years with an aim to guard domestic industry from cheap imports. The duty imposed is in the range of $273 per tonne to $326 per tonne
NEW DELHI : India has imposed anti-dumping duty on clear float glass, used in automobiles and refrigeration industries, from Malaysia for five years with an aim to guard domestic industry from cheap imports.
The duty was imposed after a recommendation was made by the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR).
“The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier)…and shall be paid in Indian currency,” the department of revenue has said in a notification.
While DGTR recommends the duty, the finance ministry takes the final call to impose the same.
The duty imposed is in the range of $273 per tonne to $326 per tonne.
Source: livemint
