Mumbai: Following the recommendations made by the
directorate general of anti-dumping and allied duties,
the ministry of finance has slapped an anti-dumping duty
of $32 and $38 per metric tonne on imports of white portland
cement coming into India from the United Arab Emirates
and Iran respectively.
The
duty will be levied on product sent into India by all
companies of both the countries except Ras al Khaimah
of the UAE, which has given an undertaking of maintaining
a price level to facilitate no damage to the domestic
industry.
The
decision of levying anti-dumping duty was taken by the
government after it found that the white portland cement
coming into India from these two countries was of sub-normal
value and far below the price at which domestic manufacturers
were selling their output.
The
government has, however, clarified that the additional
duty will be levied only under the following circumstances:
- CIF
value is less than $100 per metric tonne.
- Imports
have been canalised through ports other than Mumbai,
Kandla, Chennai, Kochi and Tuticorin.
- Payment
is by means other than letter of credit.
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