India has initiated a probe into alleged dumping of ‘Grinding Media Balls', mainly used by cement and coal industry, by Thailand and China to protect domestic players.

The Commerce Ministry designated authority, the Directorate General of Anti-Dumping and Allied Duties (DGAD), has started an investigation into alleged dumping of the product on the basis of an application filed by AIA Engineering Ltd and Welcast Steels Ltd.

"The authority (DGAD) hereby initiates an investigation into the alleged dumping and consequent injury to the domestic industry. To determine the effect of alleged dumping and to recommend the amount of anti-dumping duty. To remove the injury, the Commerce Ministry said in a notification.

The period of investigation for the purpose is from January 2010 to December 2010."The injury investigation period will, however, cover the periods April 2007 - March 2008, April 2008 - March 2009 and April 2009 - March 2010,"it said.
The notification said the DGAD has sufficient evidence of dumping of the Grinding Media Balls (excluding Forged Grinding Media Balls) by China and Thailand.

The product was also extensively used in metal mine, coal slurry, thermal power plant, chemical engineering, ceramic and light industry, papermaking and magnetic material.

Countries initiate an anti-dumping probe to see whether their domestic industries have been hurt because of a surge in cheap imports.

As a counter-measure, they impose duties under the multilateral regime of the WTO. The duty also ensures fair trading practices and creates a level-playing field for domestic producers vis-a-vis foreign producers and exporters resorting to dumping.

New Delhi, May 30 (PTI)
Source: indiareport.com