Government imposes anti-dumping duty on CD-Rs
08 Jun 2009
The finance ministry has imposed a provisional anti-dumping duty ranging between $17.52 and $63.84 on 1,000 pieces of compact discs-recordable (CD-Rs), imported mainly from countries like Iran, Thailand and Korea.
The finance ministry imposed the additional duty after consultations with the the Directorate General of Anti-dumping and Allied Duties (DGAD), which had concluded that "the domestic industry has suffered material injury" from the imports.
The DGAD had earlier found that the discs were being imported from these countries at below its normal value and had recommended anti-dumping duty on import of the discs.
The DGAD said import of cheap CD-Rs from countries like Iran, Thailand, Korea, Malaysia, the UAE and Vietnam was causing material injury to the domestic industry.
The duty is leviable with retrospective effect, from 13 March 2008, DGAD said in a notification.
The government has imposed anti-dumping duty on several products, including yarns, fabrics, colour picture tubes, certain aluminum products and chemicals.
India, according to the World Trade Organisation, had initiated the highest number of anti-dumping investigations - 42 such probes - followed by Brazil and China, between July and December 2008.
.webp)
