DGTR recommends anti-dumping duty on certain Chinese cranes for 5 yrs
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The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty for five years on import of certain Chinese cranes, with an aim to guard domestic players from cheap inbound shipments. In its final findings, the Directorate General of Trade Remedies (DGTR) has concluded that the product has been exported to India at a price below the normal value, resulting in dumping. "Definitive anti-dumping duties...is recommended to be imposed...for a period of five years," the DGTR has said in a notification. Considering the nature of the product, the authority considers that it would be appropriate to recommend an anti-dumping duty as a percentage of the CIF (cost, insurance, freight) value of the import price of the item.The cranes are used for loading/ unloading, shifting of material, at project sites like infrastructure projects, roads and bridges, refineries, and cement plants.Live Events While the DGTR recommends the duty, the fin...