Govt imposes ADD of $2.69/kg on fishnet imports from China, Bangladesh
The Dollar Business Bureau The Government has imposed anti-dumping duty, upto $2.69 per kg, on the imports on fishing net from China and Bangladesh, in order to safeguard the domestic industry from cheap imports. Whereas, in the matter of ‘Fishing Net’ falling under tariff item 5608 11 10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) originating in, or exported from China PR and Bangladesh into India, the Designated Authority, has recommended imposition of definitive anti-dumping duty (ADD) on imports of the fishnet, the Finance Ministry said in a notification (No.20/2018-Customs-ADD). “The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication ...
India-Bangladesh: Towards greater economic cooperation
Prof. A.K. Sen Gupta | The Dollar Business The Prime Minister, Narendra Modi giving his statement to media at the Joint Press Briefing with the Prime Minister of Bangladesh, Ms. Sheikh Hasina, in Dhaka, Bangladesh on June 06, 2015. (Source: PIB, Government of India) A new Chapter was opened in Indo-Bangladesh relations when the Prime Ministers of both nations met very recently in Dhaka to resolve many of the outstanding issues standing in the way of greater economic cooperation between the Asian neighbours. Although such dialogues between the two nations had been carried on earlier, it was only after the personal visit of Prime Minister Modi, that concrete solutions seem to have emerged. Going by press reports, the visit has ...
