Government Imposes Anti-Dumping Duty on Chinese Ceramic Items; Tiles Stocks Gain
DSIJ Intelligence / 14 Jun 2017
On Wednesday, the government decided to impose anti-dumping duty on import of ceramic table and kitchenware items from China to protect the domestic industry against goods being sold at below normal value.
After the government imposed anti-dumping duty on Chinese ceramic items, the tiles stock on the NSE, Murudeshwar Ceramics and Kajaria Ceramics have gained as much as 2% and 1%, respectively at 1118 hours.
On Wednesday, the government decided to impose anti-dumping duty on import of ceramic table and kitchenware items from China to protect the domestic industry against goods being sold at below normal value.
Imposition of provisional anti-dumping duties was recommended by the Directorate General of Anti-Dumping and Allied Duties (DGAD), in order to reduce the losses of the domestic industry.
"The anti-dumping duty imposed shall be levied for a period not exceeding six months (unless revoked, amended or superseded earlier)," the Department of Revenue in the finance ministry issued a notification.
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