India may impose anti-dumping duty of up to $452.33 per tonne on a certain variety of Chinese pneumatic radial tyres to guard domestic players from cheap imports.
The commerce ministry’s investigation arm – Directorate General of Anti – umping and Allied Duties (DGAD) – has concluded in its final findings that domestic companies have suffered material injury due to the dumped imports of these tyres from China.
Automotive Tyre Manufacturers’ Association (ATMA) had filed an application on behalf of Apollo Tyres, J K Tyre Industries and Ceat Ltd for initiation of anti-dumping investigation and imposition of the duty concerning imports of ’new/unused pneumatic radial tyres with or without tubes and/or flap of rubber having nominal rim dia code above 16” used in buses and lorries/trucks’ from China.
The recommended duty ranges between $277.53 per tonne and $452.33 per tonne. While the DGAD suggests the duty, the finance ministry imposes it.
The DGAD has noted that imports of the product “increased significantly” in absolute terms throughout the injury period.
Share of China in total imports of the product in India increased sharply to 81.52% during July 2014 – June 2015 from 16.03% in 2012-13.