The Finance Ministry has extended by one year the validity of anti-dumping duty on 'tyre curing presses' from China.
The existing anti-dumping duty of 10 per cent of Cost, Insurance and Freight (CIF) value will continue to be applicable on such machinery till January 7 next year, the revenue department has said.
This revenue department move follows the Designated Authority in the commerce ministry initiating sunset review investigations on imports of 'tyre curing presses' from China.
Tyre curing presses - also known as tyre vulcanisers - is a machine used for curing tyres during manufacture of a tyre.
Larsen & Toubro Limited had filed the petition seeking continuation of anti-dumping duty on 'tyre curing presses' from China.
Srivats.kr@thehindu.co.in
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.