DGAD recommends anti-dumping duty on TBR import from China
The Dollar Business Bureau The Directorate General of Anti-Dumping and Allied Duties (DGAD), in its final report, has recommended that anti-dumping duty is to be imposed on the imports of truck and bus radial (TBR) tyres from China. The DGAD has submitted its report to the Ministry of Finance, which will come out with the final decision and issue a notification regarding the same. After investigations, the Authority has come to a conclusion that TBR has been exported by China to India below the normal prices, causing material injury to the local industry. There has been substantial rise in the dumped imports of TBR and the landed value of imported products have been considerably lower than the level of cost of selling ...
Imports of natural rubber plunged by 11.7% in February
The natural rubber imports scenario is not active as it dipped by 11.7%in Februaryto 27,280 tonnesfrom a year ago The Dollar Business Bureau In February, the import of natural rubber fell by 11.7% to 27,280 tonnes The situation of natural rubber imports is sluggish, which plunged by 11.7% in February to 27,280 tonnes from a year ago and India imports rubber mainly from Indonesia, Vietnam and Thailand. The rubber production is down as consumption levels remained moderate during the month. The sector of natural rubber is going through a tough stage of very low prices, which will have serious implications for the future of the entire rubber industry value chain, the Rubber Board said in a statement. However, continued production of natural rubber is ...
Rubber industry asks govt to curb cheap imports
Deepak Kumar | The Dollar Business Concerned over a continuous fall in domestic production and an upsurge in imports, rubber industry has asked the government to take immediate measures to restrict foreign suppliers from dumping their products in the country. “India’s rubber production is not competitive in the world. Inverted duty is also very high. This is discouraging and has a negative impact on the domestic rubber production. So people prefer importing rubber and rubber products from China and sell them in the domestic market. The sector needs government’s support to bring about the revival,” Mohinder Gupta, President of the All India Rubber Industries Association(AIRIA), told The Dollar Business. During the previous fiscal, overall domestic rubber production fell by over 22% to ...
Indias natural rubber imports may soar to 5 lakh tonnes in FY2014-15: Industry sources
Sai Nikesh D | The Dollar Business Dipping yield, higher wages and growing input costs have made Indian rubber uncompetitive in recent years Government intervention in convincing major tyre companies to purchase from local farmers in an attempt to stabilise domestic rubber prices may prove to be futile, with industry experts saying that India’s natural rubber imports are all set to reach a record 5 lakh tonnes in FY2014-15. To address the concerns of farmers over losses due to low international prices and rising imports, around 17 tyre companies in India agreed last month to buy natural rubber from within India at international prices plus the prevalent import duty for three months. The move, mainly due to an appeal by ...
