The Ministry of Finance, Govt. of India has imposed definitive anti-dumping duty on aluminium foil imports of thickness 80 microns and below from China, Malaysia, Thailand and Indonesia.
{alcircleadd}The validation of the duty is for five years, while it ranges from $93.53 to $976.99 per tonne depending on the producer and country of export.
The latest finance department action comes from its investigating arm Directorate General of Trade Remedies (DGTR) recommendation in its final findings in June 2021 for levy of such duties.
DGTR initiated the anti-dumping probe, following the receipt of the petition from Hindalco Industries, Jindal, and Raviraj Foils. However, it may be recollected that in June DGTR instituted the probe, but it did not count South Korea for the investigation even though petitioners had included it in their complaint.
The product aluminium foil is broadly used in food and pharmaceutical packaging. It is also used in aseptic packaging that succours in the storage of perishable goods without refrigeration. Foil is also used to wrap and protect delicate foods like vegetables.
Presently, India is the biggest user of anti-dumping measures among the World Trade Organisation (WTO) members.
The Govt. of India in recent years has been focusing on enhancing the competitiveness of the domestic industry and taking steps under the ‘Self-reliant India’ program for this purpose.
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