India has imposed anti-dumping responsibility on imports of fluoroelastomers from China by 5 years beginning November 27, the Central Board of Oblique Taxes and Customs (CBIC) stated in a notification issued Friday.
The Board stated that the choice has been taken after the Directorate Basic of Commerce Cures (DGTR) requested for additional extension of the anti-dumping responsibility on the products originating in or exported from China, as there was a chance of continuation of dumping and harm to home trade in case the anti-dumping responsibility is stopped presently.
“There’s enough proof to point that the cessation of anti-dumping responsibility at this stage will result in continuation of dumping and harm to the home trade,” the CBIC stated in its notification. The responsibility ranges between $1.04 and $8.6 per kg.
“The anti-dumping responsibility imposed beneath this notification shall be efficient for a interval of 5 years (except revoked, outdated or amended earlier) and shall be paid in Indian foreign money,” it added.
The DGTR had initiated an evaluation in January on whether or not the products being imported had been hurting home trade, and concluded it final month.
India had first imposed the responsibility in January 2019, which was prolonged in July these 12 months until October 27, after which additional to November 27.
Fluoroelastomers are synthetic rubbers with principal applications such as temperature-resistant O-rings, seals, and gaskets used in aerospace and industrial equipment.