Sunday, December 25, 2011

AITDF seek removal of antidumping duty

Due to falling demand for tyres and depreciating rupee making imports costlier, All India Tyre Dealers’ Federation (AITDF) have urged the government to immediately notify the removal of anti-dumping duty.

In August 2011, the Customs, Excise and Service Tax Appellate Tribunal had set aside the antidumping duty levied by the government. The tribunal directed the government to immediately withdraw anti-dumping duty on tyre imports from China and Thailand. Department of Commerce had imposed duty of $32 to $90 on import of truck or bus radials. According to AITDF, the notification is yet to be published in the official gazette, although the government has honoured the order of the tribunal.

According to S P Singh, AITDF convener, anti-dumping duty continues to be levied even now, we, therefore urge the government to immediately notify the withdrawal of the duty. The removal of antidumping duty will help the trade and will provide relief to radial tyre users in the country.

Read lot more in Rubber4U – 1st January 2012 issue

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