Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Anti-dumping Duty Imposed on Import of Bus/Truck Tyres From China

The anti-dumping duty has been imposed in the range of $ 245.35 - 452.33 per tonne, said a notification issued by the Central Board Excise and Customs (CBEC).

PTI

Updated:September 20, 2017, 7:23 AM IST
facebookTwitterskypewhatsapp
Anti-dumping Duty Imposed on Import of Bus/Truck Tyres From China
Image for representation purpose. (Photo: Reuters)
Loading...

New Delhi: India has imposed anti-dumping duty on import of certain type of radial tyres used in buses and trucks to protect domestic manufacturers from below cost shipments from China for five years.

The anti-dumping duty has been imposed in the range of $ 245.35 - 452.33 per tonne, said a notification issued by the Central Board Excise and Customs (CBEC).

The duty has been slapped on "new/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having nominal rim dia code above 16 (inch)" used in buses and lorries/trucks.

The levy follows recommendation for the same by Directorate General of Anti-dumping and Allied Duties (DGAD).

Earlier, Automotive Tyre Manufacturers' Association (ATMA) had filed an application on behalf of the domestic producers -- Apollo Tyres, J K Tyre Industries and Ceat, had approached DGAD for investigations in dumping of tyres.

In its recommendation, the DGAD had said the domestic industry has suffered material injury on account of the imports from China.

It found that the tyres have been exported to India from the subject country "below normal value".

Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports. India has also imposed similar duties on import of several other products including steel, fabrics and chemicals from different countries including China.

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict import or cause an unjustified increase in cost of products.

| Edited by: Ashish Yechury
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
 
 
Most Active
Company Price Change %Gain
Shriram Trans 1,017.95 -6.18
IndusInd Bank 1,399.65 -1.90
Yes Bank 116.15 0.96
Reliance 1,282.30 -2.68
Indiabulls Hsg 654.70 -2.61
Company Price Change %Gain
Apollo Tyres 200.00 7.87
Reliance 1,281.50 -2.69
Yes Bank 116.20 0.74
Indiabulls Hsg 655.25 -2.51
Shriram Trans 1,018.00 -5.88
Top Gainers
Company Price Change %Gain
Yes Bank 116.15 0.96
Zee Entertain 338.10 0.48
Wipro 299.15 0.12
Coal India 255.30 0.06
Infosys 740.55 0.01
Company Price Change %Gain
Yes Bank 116.20 0.74
Coal India 255.20 0.10
Top Losers
Company Price Change %Gain
Tata Steel 473.10 -5.72
JSW Steel 260.20 -4.07
Tata Motors 158.75 -3.32
Vedanta 164.05 -3.24
Axis Bank 777.70 -2.93
Company Price Change %Gain
Tata Steel 473.05 -5.66
Vedanta 163.95 -3.33
Tata Motors 158.85 -3.20
Axis Bank 776.70 -2.93
Bharti Airtel 343.50 -2.77

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results