Govt imposes anti-dumping duty on Chinese IT gear
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 Updated: Dec 26, 2010 23:22 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.
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.
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"The anti-dumping duty imposed shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, the December 8, 2009 for the import from, China and Israel," it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.
First Published: Dec 26, 2010 23:20 IST