India Impose Anti Dumping Duty on 4 Products Coming from China

India action on china: India has decided to impose anti -dumping duty on four Chinese products. These include aluminum foil, vacuum flask, soft ferrite courses and trichloro isosinoric acid. All these goods were exported from China to India at a lower price than normal. The government has taken this step to protect domestic companies from cheap imports. This fee has been levied for five years. This decision was taken after the recommendation of DGTR, the investigation unit of the Ministry of Commerce. Central Indirect Taxes and Customs Board, Revenue Department has informed about this in separate notifications.

Temporary fee on aluminum foil

The government has imposed an anti -dumping fee on aluminum foil, which is imported from China, which is temporary. It has been planted for six months. Aluminum Phoyal has been charged an anti-dumping fee of up to $ 873 per ton. Along with this, the government has also imposed a duty ranging from $ 276 per tonne to $ 986 per ton on the import of acid from China and Japan. Let us know that there is a business of import-export among all the countries of the world. From time to time, the government takes such decisions to balance the trade. For example, in America, Donald Trump’s government is going to install reciperook tariff.

What is an anti -dumping fee?

When a country exports its product to another country at a low price, it is dumped. Now in the country where dumping is being done, it has an impact on the products made. This reduces the price of products exported in the domestic market and affects the sale of domestic brands.

This is because domestic companies will not be able to sell their products at such a price due to the high cost than cheap foreign products. This will reduce their demand. Due to this, many companies are closed. Many people go away. The government levies anti -dumping fee keeping the interests of domestic businesses and the economy of the country.

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