- Anti-dumping duty is in force on 93 products including chemicals and machinery items imported from China.
- The other Chinese products on which India has imposed this duty include steel and other metals; fibres and yarn; rubber or plastic; electric and electronics; and consumer goods.
- In addition, 40 cases concerning imports from China have been initiated by the Directorate General of Anti-Dumping & Allied Duties.
Anti-Dumping Duty
- An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value.
- Dumping is a process where a company exports a product at a price lower than the price it normally charges on its own home market.
- To protect local businesses and markets, many countries impose stiff duties on products they believe are being dumped in their national market.
Source:IE