Tuesday, December 6 2016

VietNamNews

India hits VN with anti-dumping duty

Update: March, 03/2016 - 09:10
A made-in-Viet Nam plastics processing machine, or injection moulding machine. — Photo baocongthuong.com.vn
HA NOI  (VNS) — India has decided to impose anti-dumping duties on plastics processing machines, or injection moulding machines, imported from Viet Nam, Taiwan, Malaysia and the Philippines.

The Viet Nam Competition Authority said on February 29 that the decision was made by India's Directorate General of Anti-Dumping and Allied Duties (DGAD) after finding that they were being sold low cost machines. Viet Nam will be levied duties at 23.15 per cent, while Malaysia, the Philippines and Taiwan will be taxed at 44.74 per cent, 30.85 per cent and 27.98 per cent, respectively.

DGAD said they did not receive detailed answers for their questions from exporters in Viet Nam, the Philippines and Malaysia. Therefore, they used available data to identify violation levels for the businesses.

There were two Taiwan-based manufacturers who enjoyed a favourable tariff from 0 per cent to 6.06 per cent for submitting complete financial information to prove their cases.

DGAD's investigation was conducted from April 2013 to March 2014 after it received complaints from the Plastics Machinery Manufacturers Association of India, saying that the mentioned countries and territories had exported low cost plastic processing machines to India, causing considerable damage to the Indian industrial sector.

The damage to India's domestic machinery industry due to dumped imports from Asian manufacturers was counted in the period between 2010 and 2014. — VNS

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