Economy

India reviews anti-dumping duty on steel wheels from China

PTI New Delhi | Updated on February 14, 2018 Published on February 14, 2018

A man welds together steel wheels (file photo)   -  REUTERS

India has started a probe to review whether the existing anti-dumping duty on flat base steel wheels imported from China should continue, keeping in mind interest of domestic manufacturers.

The Directorate General of Anti-Dumping and Allied Duties (DGAD), an investigation arm of the commerce ministry, would also examine whether the expiry of the duty is likely to lead to continuation or recurrence of dumping and hurt the domestic industry. Kalyani Maxion Wheels and Wheels India Ltd have filed an application seeking review and continuation of the existing anti-dumping duties on import of the wheels.

The DGAD, in a notification, said it “hereby initiates investigation to review the need for continued imposition of the duties in force”. It said the present investigation is for sunset review of existing anti-dumping duty.

The authority has considered the period of October 2016 to September 2017 as the period of investigation. It would also consider the data of 2014–17 for the probe. In 2013, the finance minister had imposed the duty for five years. The duty was up to USD 613 per tonne on import of the product from China.

India has imposed anti-dumping duty on as many as 98 products imported from China, as on December 27 last year. The products on which the duty was imposed include flax fabrics, vitamin C, certain fibres and chemicals.

Trade deficit with China is always a concern for India. It stood at USD 36.73 billion during April–October this fiscal.

Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter measure, they impose duties under the multilateral WTO regime. These measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.

Published on February 14, 2018

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.