×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Government slaps anti-dumping duty on imports of fibre board

Government slaps anti-dumping duty on imports of fibre board
PTI
Comment E-mail Print Share
First Published: Mon, Oct 19 2009. 02 17 PM IST
Updated: Mon, Oct 19 2009. 02 17 PM IST
New Delhi: The government has imposed anti-dumping duty on imports of a certain type of fibre board to protect the domestic industry from cheap shipments from countries like China and Thailand.
The duty ranged between $308.7 per cubic metre and $395.5 per cubic metre, the finance ministry said in a notification.
Plain medium density fibre board is widely used for partitions, furnitures and cabinets.
Acting on an application of domestic producers on alleged dumping of the board from China, Thailand, Malaysia and Sri Lanka, the directorate general of anti-dumping and allied duties (DGAD) had carried out an anti-dumping probe and recommended the duty.
The DGAD said that the domestic industry had suffered material injury due to the dumped imports of plain medium density fibre board from these countries.
Unlike safeguard duty, which is levied in a uniform way, anti-dumping duty varies from product to product and country to country. Both duties are allowed under the multilateral trade rules after investigations to stand the WTO scrutiny.
India has slapped anti-dumping duty on several items such as yarn, fabrics, some of the stainless steel products and chemicals imported from China and other nations.
Comment E-mail Print Share
First Published: Mon, Oct 19 2009. 02 17 PM IST