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India not to impose dumping duty on Chinese belting fabric
07
Jul '18
Courtesy: FOX from Pexels
Courtesy: FOX from Pexels
The Directorate General of Anti-dumping and Allied Duties (DGAD), under the ministry of commerce, Government of India, has decided against levying any anti-dumping duty on belting fabric from China. Belting fabric is used for manufacturing of conveyor belts for industrial use. DGAD had initiated the anti-dumping probe based on a petition filed by SRF Ltd.

Having examined the contentions of various interested parties and on the basis of the facts, circumstances, and analysis, the DGAD concluded that ‘Net Sales Realization’ achieved by Domestic Industry for the subject goods continues to be consistently higher than the landed value of imports of subject goods over the injury period and the period of investigation.

“Though the dumping margin and injury margin computed for the domestic industry during period of investigation is significant, the trend in price parameters do not conclusively establish that adverse impact on domestic industry’s profitability performance has been due to dumped imports,” DGAD said in its final findings in its anti-dumping duty investigation on the imports of belting fabric originating in or exported from China.

“Since the injury lowered return on capital employed and profitability of domestic industry cannot be conclusively attributed to dumping of subject goods from the subject country, the Authority terminates the investigation under Rule 14 (b) of Anti-Dumping Rules and does not recommend levy of any anti-dumping measure,” the DGAD notification said.

Under the multilateral regime of WTO, member countries can impose anti-dumping duties if their investigation concludes that domestic industries have been hurt because of a surge in cheap imports. Such duties are aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with respect to foreign producers and exporters. (RKS)

Fibre2Fashion News Desk – India


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