India Imposes Five-Year Anti-Dumping Duty on Chinese Lift Guide Rails to Protect Domestic Industry
Anti-Dumping Duty: DGTR has recommended imposing anti-dumping duty for five years on Chinese engineering goods used in lift systems. The purpose of an anti-dumping investigation is to determine whether cheap imports have caused harm to the domestic industry. After this investigation, duty is imposed by countries to prevent dumping.
The investigation arm of the Ministry of Commerce, DGTR, has decided to impose an anti-dumping duty for five years on Chinese engineering goods used in lift systems. Its purpose is to protect domestic companies from cheap imports.
DGTR has found in its final report that "T-shaped elevator/lift guide rail and counterweight guide rail" imported from China are being sold in India at a price lower than the normal price. This has created a situation of dumping.
DGTR has recommended an anti-dumping duty ranging from 24.11 per cent to 51.87 per cent on the CIF (cost, insurance, and freight) value of imports. DGTR recommends the duty, while the Finance Ministry takes the final decision to impose it.