These goods – Soft Ferrite Cores, vacuum insulated
flasks, aluminium foil, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride
Paste Resin – were found to be sold in India at prices below normal market
value.
According to
notifications from the Central Board of Indirect Taxes and Customs, the duties
will be applicable for five years on imports of Soft Ferrite Cores,
vacuum-insulated flasks, and Trichloro Isocyanuric Acid. A provisional
anti-dumping duty, up to USD 873 per tonne, has been levied on aluminium foil
imports for six months, news agency PTI reported.
The government has also imposed duties ranging from
USD 276 per tonne to USD 986 per tonne on Trichloro Isocyanuric Acid, a
chemical used for water treatment, imported from both China and Japan. For Soft
Ferrite Cores, used in devices like electric vehicles, chargers, and telecom
equipment, a duty of up to 35% of the CIF (cost, insurance, freight) value will
be applied.
In the case of vacuum-insulated flasks, an
anti-dumping duty of USD 1,732 per tonne has been imposed, while duties on Poly
Vinyl Chloride Paste Resin imports range from USD 89 per tonne to USD 707 per
tonne. These duties apply to imports from China, Korea, Malaysia, Norway,
Taiwan, and Thailand, and will remain in effect for five years.
These measures
follow recommendations made by the Directorate General of Trade Remedies
(DGTR), the investigation arm of the Ministry of Commerce. Anti-dumping duties
are imposed by countries to protect domestic industries from a surge in imports
at unfairly low prices, by the rules set by the World Trade Organization (WTO).
India has previously imposed similar duties on various
products to counteract cheap imports from countries like China.
As both India
and China are WTO members, this action reflects India’s ongoing concerns about
the growing trade deficit with its neighbouring country, which reached USD 85
billion in 2023-24.