India imposed anti-dumping duties on digital printing plates from China, Japan, Korea, Taiwan and Vietnam for five years to protect domestic manufacturers from cheap imports from those countries.
The Commerce Department’s Trade Remedies Directorate (DGTR) recommended the law after its investigation found that there was a substantial increase in imports of digital offset printing plates from these countries in absolute terms.
“The anti-dumping duty imposed under this notification will be in effect for a period of five years (unless it is revoked, replaced or amended earlier),” the Revenue Department said in a notification.
The duty charged is in the range of $ 0.13 per mÂ² to $ 0.77 per mÂ².
The DGTR had stated that plate had been exported to India from these countries below its normal value, which resulted in dumping, thereby affecting the domestic industry.
Imports of these plates increased to 16.32 million mÂ² during the investigation period (July 2018 to March 2019) compared to eight million mÂ² in 2015-16.
The product is used in the printing industry to transfer data in image form (dot patterns or text) onto paper or onto tin foils or poly films.
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In a separate notification, the Revenue Department said it had imposed provisional anti-dumping duties of up to $ 150.80 per tonne on aniline imported from China for six months.
In international trade parlance, dumping occurs when a company exports an item to another country at a rate lower than the price of that product in its domestic market.
Dumping has an impact on the price of this product in the exporting country, affecting the margins and profits of manufacturing companies.
According to global trade standards, a country is allowed to impose tariffs on these dumped products in order to provide a level playing field for domestic manufacturers. The duty is only imposed after a thorough investigation by a quasi-judicial body, such as the DGTR in India.
In its investigation, management must conclude whether the dumped products are having an impact on domestic industries.
The imposition of anti-dumping duties is permitted under the World Trade Organization (WTO) regime.
The law aims to ensure fair trade practices and to create a level playing field for domestic producers vis-Ã -vis foreign producers and exporters.
India is one of the most attractive markets for global producers due to its large middle class population. China, Japan, Korea, Taiwan and Vietnam are India’s main trading partners.