The Ministry of Commerce, Govt. of India has commended for carrying on of anti-dumping duty on imports of Chinese aluminium foil, which are primarily consumed and used in food and pharma sectors, for five years to safeguard national manufacturers from low-cost imports.
Directorate General of Trade Remedies (DGTR), the investigating arm of the commerce ministry via notification said, “There is continued dumping of the foil from China, and the imports are likely to enter the Indian market at dumped prices in the event of expiry of the duty.”
"The authority recommends continued imposition of anti-dumping duty, to remove the likelihood of dumping and injury to the domestic industry.”
The Directorate has endorsed the duty in the range of $ 469 and $1,106 per tonne.
However, the Ministry of Finance has the authority to take the final decision to impose this duty. The duty was previously imposed in May 2017 by the ministry.
The three domestic players Hindalco Industries, Raviraj Foils and Jindal India mutually applied and submitted to DGTR for the commencement of sunset review investigation concerning imports of 'Aluminium Foil 5.5 Micron to 80 Micron' originating in or exported from China. Furthermore, the applicants also endeavoured the extension of the anti-dumping duty.
The Indian manufacturers’ request was rooted on the basis that the expiry of the anti-dumping duty was probable to result in recurrence of dumping of the aluminium foil and consequent injury to the domestic industry, the notification added.
The dumping is impacting the price of that product in the importing nation, narrowing the margins and profits of producing firms.
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