The Indian government will consider various measures, including imposing anti-dumping and safeguard duties, to protect the domestic auto component industry from cheap imports, but it will be up to the components industry to provide supporting information on components needing protection.
Surojit Mitra, an official in the Department of Heavy Industries, has spoken about this at a recent Federation of Indian Chambers of Commerce round table on the auto industry but denied that such measures would lead to protectionism of the domestic market, as they will be fully WTO compliant. The cumulative growth of imports from China has been 80% over the last five years, and in the last financial year, imports constituted 31% of the Indian components industry.
The Directorate General of Anti-dumping and Allied Duties (DGAD) has already recommended to the commerce ministry a provisional anti-dumping duty in the range of USD0.50 per kg to USD0.69 per kg on Chinese front axle beam and steering knuckles used in the production of commercial vehicles, acting on an application from Pune-based Bharat Forge Ltd.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment