The commerce ministry’s investigation arm DGTR has advisable for continuation of anti-dumping responsibility on Chinese photo voltaic glass for 2 years with a view to protect home gamers from low cost imports. In a notification, the Directorate General of Trade Remedies (DGTR) has stated that continued imposition of anti-dumping responsibility is required on ‘textured tempered coated and un-coated glass’ from China.
The product available in the market parlance can also be identified by numerous names comparable to photo voltaic glass, photo voltaic glass low iron and photo voltaic photovoltaic glass. It is used as a element in photo voltaic photovoltaic panels and photo voltaic thermal purposes.
“The designated authority considers it appropriate to recommend continuation of anti-dumping duty on the imports of subject goods from the subject country for further period of 2 years…,” the DGTR has stated.
The directorate has advisable duties within the vary of USD 192.82 per tonne and USD 302.65 per tonne. The finance ministry takes the ultimate resolution to impose this responsibility. In its probe, the DGTR has concluded that the product is being exported to India at costs under regular worth and that’s leading to continued dumping.
“The domestic industry has been constantly suffering losses due to price effect of dumped imports from China and also imports coming from related company of one of the Chinese producers in Malaysia,” it has stated.
In the occasion of expiry of the responsibility, the DGTR acknowledged that there’s a clear probability of dumping of the products in “significant volumes” and consequent harm to the home business. China is among the largest producers of this glass. There are important unutilised capacities there, fraction of which is ample to cater to complete Indian demand.
Borosil Renewables Ltd had filed an software for sundown overview of anti-dumping investigation regarding the imports of this glass from China. The income division had imposed the responsibility in August 2017.
In worldwide commerce parlance, dumping occurs when a rustic or a agency exports an merchandise at a value decrease than the value of that product in its home market. Dumping impacts value of that product within the importing nation, hitting margins and earnings of producing corporations.
According to world commerce norms, a rustic is allowed to impose tariffs on such dumped merchandise to offer a level-playing discipline to home producers. The responsibility is imposed solely after a radical investigation by a quasi-judicial physique, comparable to DGTR, in India.
In its probe, the directorate has to conclude whether or not the imported merchandise are impacting home industries.
Source: www.financialexpress.com”