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The Finance Ministry has imposed a definitive anti-dumping duty on 'axle for trailers' imported from China.
This duty will be valid for a period of five years.
Based on the recommendation of the Designated Authority in final findings in September, the revenue department has imposed anti-dumping duty that ranged from $0.14 per kg to $0.46 per kg depending on the producer.
An 'Axle for Trailer' is a vehicle part and an accessory. It is essentially an assemblage of a beam/bar and other components such as brake drum, brake shoes and bearings that connect the two wheels of a trailer, and functions as an axle for the trailer.
Yorkshire Transport Equipment (India) Pvt Ltd had filed the petition seeking anti-dumping duty on 'Axle for Trailers' from China.
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