Anti-dumping duty on Chinese tyre curing presses extended by a year

05/03/2015 12:00 - 536 Views

NEW DELHI, MARCH 5: The Finance Ministry has extended by one year the validity of anti-dumping duty on 'tyre curing presses' from China.

The existing anti-dumping duty of 10 per cent of Cost, Insurance and Freight (CIF) value will continue to be applicable on such machinery till January 7 next year, the revenue department has said.

This revenue department move follows the Designated Authority in the commerce ministry initiating sunset review investigations on imports of 'tyre curing presses' from China.

Tyre curing presses - also known as tyre vulcanisers - is a machine used for curing tyres during manufacture of a tyre.

Larsen & Toubro Limited had filed the petition seeking continuation of anti-dumping duty on 'tyre curing presses' from China.

Source: The Hindu Business Line