Govt imposes anti-dumping duty on Chinese IT gear | Latest News India - Hindustan Times
close_game
close_game

Govt imposes anti-dumping duty on Chinese IT gear

PTI | By, New Delhi
Dec 26, 2010 11:22 PM IST

India has imposed anti-dumping duty of up to 266% on imports of an IT equipment — also used in the telecom sector — to guard the domestic industry from cheap Chinese and Israeli shipments.

India has imposed anti-dumping duty of up to 266% on imports of an IT equipment — also used in the telecom sector — to guard the domestic industry from cheap Chinese and Israeli shipments.

HT Image
HT Image

The restrictive duty on import of Synchronous Digital Hierarchy Transmission Equipment would range from 3% to 266% on the CIF (cost, insurance, freight) value of imports, the department of revenue said.

Hindustan Times - your fastest source for breaking news! Read now.

The move would impact import of the equipment from companies like Alcatel-Lucent Shanghai Bell Co Ltd, ZTE Corporation and Israel-based ECI Telecom Ltd.

"The anti-dumping duty imposed shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, the December 8, 2009 for the import from, China and Israel," it said.

The directorate general of anti-dumping and allied duties had recommended imposition of the duty after an investigation. It said the domestic industry had suffered on account of dumped imports of the equipment from the two nations.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On