anti dumping duties: India imposes antidumping duty on 5 Chinese goods for 5 years, Auto News, ET Auto

2022-04-25 06:46:13 By : Ms. Beryl Huang

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India has initiated maximum anti-dumping cases against dumped imports from China. India's exports to China during the April-September 2021 period were worth USD 12.26 billion while imports aggregated at USD 42.33 billion, leaving a trade deficit of USD 30.07 billion.

"The authority considers it necessary to recommend imposition of definitive anti-dumping duty...for a period of five (5) years on all imports of the goods...from Japan, Iran, Oman and Qatar from the date of notification to be issued in this regard by the central government," the directorate has said in a notification.

​​​The domestic aluminium industry, under representation from the Aluminium Association of India (AAI), has sought immediate government support through the forthcoming Union Budget 2022-23.

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The company has brought on board a European investment bank based in Paris a few months ago to look for buyers for its global lighting business where it makes head lamp, rear lamps, and fog lamps, added people in the know.

The deal is likely to be announced by the end of May or early June, people aware of the matter said, asking not to be named. They also did not reveal any likely financial terms or how the Motherson Group will fund the deal.

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