Anti-dumping duty Current Affairs, GK & News
On October 29, 2020, the Union Cabinet approved by PM Modi approved that 20% of sugar and 100% of food grains should be mandatorily packed in jute bags. Highlights This decision will help in diversifying jute industries. The mandatory jute packing norms have been introduced under Jute Packaging Material Act, 1987. However, when in shortage ..
Category: Economy & Banking Current Affairs
The Government of India recently imposed anti-dumping duty on the steel imported from China, South Korea and Vietnam. Highlights The duty has been imposed on steel products that are imported from these countries below its associated normal value. This is causing the dumping and leads to unfair trade in India. The issue was found by ..
Month: Current Affairs - June, 2020
Category: International Current Affairs
The Government of India has imposed a five year anti-dumping duty on import of electronic calculators from Malaysia. This has been done to protect the domestic players from cheap imports from Malaysia. An anti-dumping duty of USD 0.92 per piece has been levied after the Commerce ministry’s investigative arm Directorate General of Trade Remedies (DGTR)’s ..
The Revenue Department in the Finance Ministry has imposed anti-dumping duty on import of ‘Ofloxacin’, a pharma product used in treatment of certain infections from China. It was imposed for three years following recommendations of Directorate General of Anti-Dumping and Allied Duties (DGAD) to protect domestic producers from below-cost shipments. In its probe DGAD had ..
The Union Finance Ministry (Department of Revenue) has imposed anti-dumping dutyon import of ceramic tableware and kitchenware from China in bid to protect domestic producers. Both items will attract anti-dumping duty of $1.04 per kg, making the imports expensive. The protectionist measure against cheap Chinese import was based recommendation of Directorate General of Anti-Dumping and ..