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India recommends anti-dumping duty on aluminium foil imports
22/06/2021 12:00
The Directorate General of Trade Remedies (DGTR) has recommended imposing anti-dumping duty on imports of aluminium foils from China, Malaysia, Thailand and Indonesia to offset the injury to domestic industry from cheaper imports.
After a year-long investigation into the complaints about the dumping of aluminium foil of 80 microns and below in FY20, DGTR recommended the finance ministry to impose anti-dumping duty between $93.53-$976.99 per tonne on foil. The product under consideration can be used as cigarette foil and home foil, among other uses.
India has initiated anti-dumping duty probe against the mentioned aluminium foil imported from China, Indonesia, Malaysia and Thailand in June 2020. Hindalco Industries, Raviraj Foils and Jindal India Ltd filed the application claiming injury resulting from the alleged dumping in the form of increased volume of dumped imports in absolute terms and in relation to production and consumption, price undercutting and price suppressing effects.
After a year-long investigation into the complaints about the dumping of aluminium foil of 80 microns and below in FY20, DGTR recommended the finance ministry to impose anti-dumping duty between $93.53-$976.99 per tonne on foil. The product under consideration can be used as cigarette foil and home foil, among other uses.
India has initiated anti-dumping duty probe against the mentioned aluminium foil imported from China, Indonesia, Malaysia and Thailand in June 2020. Hindalco Industries, Raviraj Foils and Jindal India Ltd filed the application claiming injury resulting from the alleged dumping in the form of increased volume of dumped imports in absolute terms and in relation to production and consumption, price undercutting and price suppressing effects.
Source: LiveMint
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