labels: economy - general
Levy on white portland cementnews
Our Economy Bureau
09 October 2001


Mumbai:
Following the recommendations made by the directorate general of anti-dumping and allied duties, the ministry of finance has slapped an anti-dumping duty of $32 and $38 per metric tonne on imports of white portland cement coming into India from the United Arab Emirates and Iran respectively.

The duty will be levied on product sent into India by all companies of both the countries except Ras al Khaimah of the UAE, which has given an undertaking of maintaining a price level to facilitate no damage to the domestic industry.

The decision of levying anti-dumping duty was taken by the government after it found that the white portland cement coming into India from these two countries was of sub-normal value and far below the price at which domestic manufacturers were selling their output.

The government has, however, clarified that the additional duty will be levied only under the following circumstances:

  1. CIF value is less than $100 per metric tonne.
  2. Imports have been canalised through ports other than Mumbai, Kandla, Chennai, Kochi and Tuticorin.
  3. Payment is by means other than letter of credit.

 


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Levy on white portland cement