India levies ADD on Chinese aluminium radiators used in automobiles
The Dollar Business Bureau
The Directorate General of Anti-Dumping and Allied Duties (DGAD) an arm of the Commerce Ministry has notified the final findings of the anti-dumping investigation on the dumping of aluminium radiators of various types. Aluminium radiator sub-assemblies, aluminium radiator core, including in CKD or SKD conditions are among the types of radiators used in automobiles, being investigated for dumping allegations from China. The notification was released on March 20, 2017.
The DGCIS in its final report says that the imports from China are far above the de minimis level of dumping margin. With such high magnitude of dumping margin, the dumped imports are causing material injury to the domestic industry.
Banco Products (India) Ltd supported by other domestic petitioners such as Tata Toyo Radiator Ltd, Varun/Cougar Radiators Pvt. Ltd., Teksons Radiators Pvt. Ltd, Lloyd Electric & Engineering Ltd and M/s G.S. Radiators have filed an application alleging anti-dumping of aluminium radiators from China. Banco Products Ltd accounts for nearly 69% of Indian production of aluminium radiators.
Acting on the petition, the DGAD conducted an investigation for 15 months from April 2014 to March 2015 and revealed that:
- The subject goods have been exported to India from the subject country were below its associated normal value
- The domestic industry has suffered material injury
- The material injury has been caused by the dumped imports of the subject goods from the subject country, China.
Therefore, the DGAD recommended an imposition of definitive anti-dumping duty equal to the lesser of the margin of dumping and margin of injury, from the date of notification to be issued so as to remove the injury to the domestic industry. A non-injurious price has been determined based on the cost of production and cost to make and sell the subject goods in India based on the information furnished by the domestic industry on the basis of Generally Accepted Accounting Principles (GAAP).
Accordingly, an anti-dumping duty of $22.89 has been fixed to be imposed on all imports of aluminium radiators originating or exported from China PR. Also, the landed value of imports will be determined by the Customs under the Customs Act, 1962 (52 of 1962) and includes all duties of customs except duties under sections 3, 3A, 8B, 9 and 9A of the said Act.
India’s trade deficit with China rose to $53 billion in FY16. During the April-Sept period of 2016-17, the deficit was at $25.22 billion.
to success.