DUMPING DUTY SLAPPED ON STAINLESS STEEL

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India has imposed anti-dumping duty of up to $2,254 per tonne on import of certain stainless steel products—used by consumer durables and auto industries—from the US, EU, China and other countries. India may also impose an anti-dumping duty on import of bus and truck radial tyres to protect domestic manufacturers from surge in cheap shipments from China and Thailand. The Directorate General of Antidumping and Allied Duties (DGAD) in the commerce ministry has recommended imposition of anti-dumping duty to the extent of $90 per tyre. The government is also considering imposing an anti-dumping duty on import of two variants of antibacterial drug pencilin to protect the domestic industry from cheap Chinese and Mexican shipments."The provisional antidumping duty to be imposed on Penicillin-G Potassium and 6-Amino Penicillanic Acid would range between $18.54 per billion oxford units (BOU) and $2.10 per BOU," a commerce ministry official said.

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