Comments
The Finance Ministry has imposed anti-dumping duty on certain 'glass fibre' imports from China.
This anti-dumping duty -- which will be a percentage of cost-insurance-freight (CIF) value of imports -- will be applicable for five years.
The percentage of anti-dumping duty levied ranged from 20.46 per cent to 47.15 per cent ( percentage of CIF value) depending on the producer.
Owens-Corning (India) Pvt Ltd and Owens Corning Industries (India) Pvt had filed the petition seeking continuation of anti-dumping duty on certain 'glass fibre' imports from China. The Designated Authority in the commerce ministry recommended in its final findings continuation of anti dumping duty on certain 'glass fibre' imports from China.
For the purpose of this levy, glass fibre would include glass roving, direct rovings, glass chopped strands and glass chopped strand marts.
It however specifically excludes glass wool, fibre glass wool, fibre glass insulation in wool form, glass yarn, glass woven fabrics, glass fibre fabric, glass woven rovings, chopped strands meant for thermoplastic applications, micro glass fibre used in battery separator and cemfil (alkali resistant glass fibre for concrete reinforcement).
The Centre had on July 13 last year extended the validity of anti-dumping duty to July 13 this year.
Comments
COMMENT NOW
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.