Industry & Economy
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Tyres
Tyre industry to brace for dumping duty on NTCF
K.R. Srivats
New Delhi
,
July 7
THE Rs 12,000-crore domestic tyre industry, which has been bearing the brunt of escalation in natural rubber prices, may soon be faced with more cost push on the raw material front.
The Designated Authority in the Commerce Ministry has recommended the imposition of provisional anti-dumping duty on all imports of nylon-tyre cord fabric (NTCF) from China. The Authority has recommended to the Finance Ministry that a provisional anti-dumping duty of $0.69 per kg be imposed on imports of NTCF from China.
NTCF finds application in different categories of tyres including truck and bus tyres, light commercial vehicle tyres and two-wheeler tyres. It is used as reinforcement in different kinds of tyres.
The domestic tyre industry consumed about 80,000 tonnes of NTCF during the period April 1, 2002 to June 30, 2003 (15 months), which is the period of investigation for the anti-dumping probe. About 25,000 tonnes of this consumption came through imports. During 2002-03, the domestic tyre industry imported about 7,000 tonnes of NTCF from China.
The Association of Synthetic Fibre Industry (ASFI) had petitioned the Designated Authority for initiating an anti-dumping probe on NTCF imports from China.
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