India Levies Anti-Dumping Duty on Chinese Elevator Parts
The Director General of Trade Remedies (DGTR) has recommended a five-year anti-dumping duty on imports of T-shaped elevator guide rails from China to protect Indian manufacturers from unfairly priced exports. The proposed duty ranges between 24.11% and 51.87%, awaiting final approval from the finance ministry.
- Country:
- India
In a move to bolster domestic manufacturers, India's Directorate General of Trade Remedies (DGTR) has advised imposing an anti-dumping duty on specific engineering imports from China.
The investigation found that 'T-shaped elevator and counterweight guide rails' imported from China have been priced below the normal value, causing market disruption domestically.
The proposed duty spans between 24.11% and 51.87% of the CIF value, awaiting the finance ministry's ultimate decision. The initiative is part of India's broader efforts to redress its significant trade imbalance with China.
(With inputs from agencies.)
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