In order to save the domestic industry from surge in below-cost imports, the government has extended anti-dumping duty on import of chemical compound polytetraflouroethylene (PTFE) from China by a further period of five years. This chemical is used as a non-stick coating for pans and other cookware. The revenue department has issued a notification imposing an anti-dumping duty of $2,637 per tonne on imports of PTFE from China. The duty was initially imposed for a period of five years in August 2011 and extended by one year last August.
In its review of the anti-dumping duty, the department has concluded that there is continued dumping of the product concerned from China, both in absolute terms and in relation to production and consumption in India causing injury to the domestic industry. It noted that PTFE imports were also suppressing domestic prices of similar products. As per its notification, the review found that the performance of the domestic industry has deteriorated in terms of profits and return on investments and the dumped imports from China continue to cause injury to the domestic industry despite imposition of the anti-dumping duty. It added that the anti-dumping duty imposed shall be effective for a period of five years (unless revoked, superseded or amended earlier).
Commerce and Industry Minister Nirmala Sitharaman had told the Rajya Sabha that anti-dumping duty is in force on 93 products concerning imports from China. These products belong to a broad group of chemicals and petrochemicals, products of steel and other metals, fibres and yarn, machinery items, rubber or plastic products, electric and electronic items and consumer goods, among others. Meanwhile, India’s imports from China in 2016-17 have marginally dipped to $61.28 billion as compared to $61.7 billion in 2015-16.
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