Latest news with #DGTR
Mint
a day ago
- Business
- Mint
India extends anti-dumping duty on Malaysian clear float glass until February
New Delhi: The government has extended the anti-dumping duty on imports of clear float glass from Malaysia by another 18 months, keeping the protection in place for domestic manufacturers amid concerns of continued dumping. The levy, which was set to expire in November this year, will now remain in force till 10 February 2026, unless withdrawn or amended earlier, according to a notification issued by the department of revenue. Clear float glass, classified under Chapter 70 of the customs tariff, is widely used in construction, automotive, furniture, and solar industries. Indian manufacturers had argued that the removal of the duty would lead to a surge in imports at unfairly low prices, undermining local capacity and pricing discipline. The anti-dumping duty on clear float glass was first imposed in November 2020 following an earlier investigation that confirmed dumping of the product from Malaysia was causing material injury to Indian producers. The current extension is aimed at preventing the recurrence of such injury. According to trade experts, the extension of the duty is consistent with India's trade remedy framework, which allows for the continuation of duties beyond the initial five-year period if dumping continues and is likely to hurt the domestic industry. The decision follows a sunset review initiated by the directorate general of trade remedies (DGTR) on 27 March this year, after the domestic industry sought continued protection against low-priced imports from Malaysia. 'In exercise of the powers conferred… the anti-dumping duty imposed under this notification shall remain in force up to and inclusive of the 10th February, 2026,' the finance ministry stated in the latest notification. While the notification does not revise the duty rates or structure, it sends a clear signal to importers and overseas suppliers that India will maintain a close watch on trade practices in sensitive sectors. The review process typically examines the need for continued duties based on current data and may lead to a fresh determination on the quantum and duration of the levy. India imports most of its clear float glass from Malaysia, Bangladesh, and Turkey. Globally, it is also the largest importer of the product, ahead of the US and Mexico. India leads the world with 25,599 clear float glass shipments, followed by the US with 9,696 shipments, and Mexico with 6,765 shipments.
Hans India
05-07-2025
- Business
- Hans India
Polyethylene imports on govt radar
New Delhi: The Commerce Ministry's arm DGTR has initiated an anti-dumping probe into the import of polyethylene from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, the UAE following a complaint by Chemicals and Petrochemicals Association of India (CPAI). The applicant has alleged that the industry is impacted due to the dumped imports of Linear-Density Polyethylene (LLDPE). It is primarily used in raw materials for the plastic processing industry to make a variety of products such as packaging films, profiles, wire and to the DGTR's notification, the applicant has provided evidence with respect to the injury suffered by the domestic industry due to the dumped imports. 'The authority hereby initiates an anti-dumping investigation to determine the existence, degree and effect of the dumping,' it said. If it is established that the dumping has caused material injury to domestic players, the DGTR would recommend the imposition of the levy on imports.
&w=3840&q=100)
Business Standard
04-07-2025
- Business
- Business Standard
Sajjan Jindal bats for 'longer term solution' for Indian steel sector
Billionaire industrialist Sajjan Jindal has called for a 'longer-term solution' to ensure the competitiveness of Indian steel in the wake of the uncertainty caused by US tariffs. In his message to shareholders as mentioned in JSW Steel's latest annual report, Jindal said: 'We are navigating a period of change, shaped by an evolving global political and policy landscape. While India remains on a transformative growth path, driving healthy steel demand, the steel industry faces a challenging environment marked by weak global demand and record Chinese steel exports, even as iron ore costs remain relatively elevated.' The chairman and managing director of the company pointed out that uncertainty related to tariffs imposed by the US had caused volatility in global markets. 'Trade barriers have been rising, with various countries either imposing measures or initiating action to protect their steel industries from unfair imports.' 'This is altering global trade flows, with surplus steel finding its way into India, posing significant challenges for Indian steelmakers. India has imposed a 12 per cent safeguard duty on certain steel products for 200 days, based on a preliminary investigation undertaken by the Directorate General of Trade Remedies (DGTR),' he said, adding that a longer-term solution was critical to ensure the competitiveness of Indian steel, create a level-playing field, and allow Indian steelmakers to earn a reasonable return on investments. The comments come at a time when major Indian steel producers are expanding capacity at a frenetic pace. JSW Steel has committed a capital expenditure of Rs 62,000 crore over the next three years to support its goal of achieving 42 million tonnes per annum (mtpa) steelmaking capacity in India by September 2027. The company's domestic installed capacity is 34.2 mtpa, and plans are afoot to take it to 50 mtpa by FY31. On 21 April, the Ministry of Finance announced the imposition of a 12 per cent provisional safeguard duty for a period of 200 days on certain steel products to protect the domestic industry from injury caused by a spike in imports. It came a month after the DGTR, under the Ministry of Commerce and Industry, had recommended a 12 per cent safeguard duty. However, steel prices have remained soft despite the safeguard duty. Tata Steel and Tata group chairman Natarajan Chandrasekaran, while responding to shareholder queries on the market environment at the steel major's annual general meeting (AGM) recently, said that China continues to export about 100 million tonnes (mt) of steel. 'That is definitely affecting the overall steel price not only in global markets but also in India. The Indian government has put a safeguard duty of 12 per cent and the industry obviously was wanting almost double that. But we are happy that the government took the step to put the 12 per cent,' he said, adding that in spite of that, steel prices remained soft. However, he also said that Tata Steel was expected to post better revenues, EBITDA, profits, and cash flow in FY26 compared to FY25 on the back of overall performance, increased capacity, and current spread levels.
Mint
04-07-2025
- Business
- Mint
India initiates anti-dumping probe into import of polyethylene from 6 countries
New Delhi, Jul 4 (PTI) The commerce ministry's arm DGTR has initiated an anti-dumping probe into the import of polyethylene from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, the UAE following a complaint by Chemicals and Petrochemicals Association of India. The applicant has alleged that the industry is impacted due to the dumped imports of Linear-Density Polyethylene (LLDPE). It is primarily used in raw materials for the plastic processing industry to make a variety of products such as packaging films, profiles, wire and cable. According to the DGTR's notification, the applicant has provided evidence with respect to the injury suffered by the domestic industry due to the dumped imports. "The authority hereby initiates an anti-dumping investigation to determine the existence, degree and effect of the dumping," it said. If it is established that the dumping has caused material injury to domestic players, the DGTR would recommend the imposition of the levy on imports. The finance ministry takes the final decision to impose duties. Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organization (WTO). The duty is aimed at ensuring fair trading practices and creating a level playing field for domestic producers vis-a-vis foreign producers and exporters. India and these countries are members of the WTO. India has already imposed anti-dumping duties on several products to tackle cheap imports from various countries, including China.
Time of India
04-07-2025
- Business
- Time of India
India initiates anti-dumping probe into import of polyethylene from 6 countries
The commerce ministry's arm DGTR has initiated an anti-dumping probe into the import of polyethylene from Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, the UAE following a complaint by Chemicals and Petrochemicals Association of India. The applicant has alleged that the industry is impacted due to the dumped imports of Linear-Density Polyethylene (LLDPE). It is primarily used in raw materials for the plastic processing industry to make a variety of products such as packaging films, profiles, wire and cable. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dolly Parton, 79, Takes off Makeup, Leaves Us With No Words The Noodle Box Undo According to the DGTR's notification, the applicant has provided evidence with respect to the injury suffered by the domestic industry due to the dumped imports. "The authority hereby initiates an anti-dumping investigation to determine the existence, degree and effect of the dumping," it said. Live Events If it is established that the dumping has caused material injury to domestic players, the DGTR would recommend the imposition of the levy on imports. The finance ministry takes the final decision to impose duties. Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organization (WTO). The duty is aimed at ensuring fair trading practices and creating a level playing field for domestic producers vis-a-vis foreign producers and exporters. India and these countries are members of the WTO. India has already imposed anti-dumping duties on several products to tackle cheap imports from various countries, including China. PTI
