India may impose anti-dumping duty on Chinese castings for wind mills - Hindustan Times
close_game
close_game

India may impose anti-dumping duty on Chinese castings for wind mills

PTI, New Delhi | By
Aug 04, 2017 03:10 PM IST

Castings for wind-operated electricity generators are also known as windmill or wind turbine.

The government may impose anti- dumping duty on castings for wind-operated power generators from China to guard domestic players from below-cost imports.

Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports.(Representative image)
Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports.(Representative image)

Larsen & Toubro Ltd had filed the application before the Directorate General of Anti-dumping and Allied Duties (DGAD) for initiation of anti-dumping probe on imports of a certain type of castings for wind-operated electricity generators that are exported from China.

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

Castings for wind-operated electricity generators are also known as windmill or wind turbine.

In its final findings, DGAD has concluded that the product has been exported to India from China at below normal values.

“Material injury has been caused by the dumped imports” of the product, it has said in a notification.

The DGAD “considers it necessary to recommend imposition of definitive anti-dumping duty on imports” from China, it added.

The product is already attracting anti-subsidy or countervailing duty.

DGAD has recommended a duty equivalent to the difference between the quantum of anti-dumping duty calculated and the quantum of anti-subsidy duty payable.

Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports.

India has also imposed similar duties on import of several other products including steel, fabrics and chemicals from different countries including China.

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.

They are not a measure to restrict import or cause an unjustified increase in cost of products.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On