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Govt seeks product-wise details from industry to curb cheap imports

22 Jun 2020 Evaluate
In order to curb low quality inbound shipments especially from China and boost domestic manufacturing, the government has sought product-wise details of cheap imports, comparison with domestic prices and tax disadvantage, if any, from the industry.

A high level meeting was held to discuss ways to promote Atma Nirbhar Bharat (Self-reliant India), including cut in import dependence from China. Industry was asked to send comments and suggestions on certain number of goods and raw materials imported from China.

The other details sought include import surge data between 2014-15 and 2018-19; domestic prices of similar goods that are made here, domestic capacity, imports under free trade agreements, and inverted duty issue, if any. The government is preparing their views on all those products and would soon send to the commerce and industry ministry.

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