The commerce ministry's investigation arm DGTR has recommended the imposition of antidumping duty on newsprint, used in the printing of newspapers, from six countries, including Australia and Canada for five years, to guard domestic manufacturers from cheap imports.
The Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding its probe that imports of 'newsprint in rolls or sheets, excluding glazed newsprint' from these countries have been exported at dumped prices into India, which has impacted the domestic industry.
"The authority accordingly recommends imposition of antidumping duty...on all imports of goods...originating in or exported from Canada, EU, Russia, Singapore, Australia and UAE for a period of five years," the directorate has said in a notification.
The duty suggested is in the range of USD 5.15 per tonne and USD 98.6 per tonne. The finance ministry takes the final call to impose these duties.
"The authority is of the view that imposition of antidumping duty is necessary to offset dumping and injury," it added.
The DGTR conducted the probe following a complaint by an industry association.
The directorate is an investigation arm of the commerce ministry, which probes dumping of goods, a significant increase in imports and subsidised imports from India's trade partners.
These countries are important trading partners of India.
Countries carry out anti dumping probes to determine whether their domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose duties under the multilateral regime of the WTO (World Trade Organisation).
The duty is to ensure fair trade practices and create a level-playing field for domestic producers concerning foreign producers and exporters.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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