Decision on anti-dumping duty on auto parts likely to come in September
The government is likely to decide on extending anti-dumping duty on Chinese automobile spare parts in September. The Finance Ministry had imposed anti-dumping duties on front axle beam and steering knuckles meant for heavy and medium commercial vehicles exported from China since April 2010. In order to protect domestic manufacturers, anti-dumping duty of $0.35 per kg was imposed on front axle beam and $1.11 per kg on steering knuckles. The restrictions were imposed on the basis of recommendations from the Directorate General of Anti-Dumping and Allied Duties (DGAD). The restriction has already expired in April this year and domestic producers of the auto parts had asked the government to continue with the import restrictions. As per the Customs Tariff Act 1975, the authority needs to review its decision after the expiry of anti-dumping duty imposed for five years. But according to a fresh notification issued by the revenue department on June 8, the DGAD has been given an extension of three months to complete its investigation and notify the final findings on the matter by September 12. The DGAD had initiated the Sunset Review in June last year, analysing the details of export-import of the product between 2010 and 2013. In its earlier investigation in 2010, DGAD had found that the two products were exported from China and sold in the Indian market at cheaper rates, giving a tough competition to the domestic producers. The deeper market penetration by Chinese products also affected the production quantity of Indian auto parts makers.
June 13, 2015 | 7:40 pm IST.
to success.