The Finance Ministry has imposed definitive anti-dumping duty on new Chinese radial tyres used in buses and lorries/trucks. The duty has been slapped on “new/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having nominal rim dia code above 16 (inch)” used in buses and lorries/trucks.
Based on the recommendations of the Designated Authority in the Commerce Ministry, the Directorate General of Anti-dumping and Allied Duties (DGAD) has imposed definitive anti-dumping duty that ranged from $245.35 per tonne to $452.33 per tonne, depending on the producer and exporter from China. This anti-dumping duty, unless revoked earlier, will be valid for a period of five years.
In its recommendation, the DGAD said the domestic industry has suffered material injury on account of the imports from China. It found that the tyres have been exported to India from the subject country at “below normal value”.
Earlier, Automotive Tyre Manufacturers' (ATMA) had filed the petition on behalf of domestic tyre majors, Apollo Tyres, J.K.Tyre Industries and Ceat, who had approached DGAD for investigations in dumping of tyres.