Latest News

Commerce Ministry recommends imposing anti-dumping duty on vinyl tiles from China, Taiwan

Commerce Ministry has the recommended imposition of anti-dumping duty on vinyl tiles coming from China & Taiwan for five years

PSU Watch Bureau

New Delhi: The Commerce Ministry has the recommended imposition of anti-dumping duty on vinyl tiles coming from China and Taiwan for five years to guard domestic players from cheap imports from these countries. The Directorate General of Trade Remedies (DGTR) has recommended the duty on imports of vinyl tiles other than in roll or sheet form from these countries after concluding in its probe that the product has been exported at dumped prices into India, which impacted the domestic industry.

Authority recommends imposition of the anti-dumping duty for 5 yrs

"The Authority recommends imposition of the anti-dumping duty on the imports originating in or exported from the subject countries for five years," said the directorate in a notification. In the market parlance, the product is known as luxury vinyl tiles, or PVC flooring tiles. It mimics the appearance of the natural materials. It is used for covering the floors in the residential and the commercial buildings.

Imposition of anti-dumping duty is permissible under the WTO regime

DGTR conducted the probe following a complaint from Welspun Flooring Ltd, Welspun Global Brands Ltd and Welspun India Ltd. The recommended duty is USD 2.05 per square metre and USD 1.44 per square metre. The finance ministry takes the final decision to impose the duty.

The imposition of anti-dumping duty is permissible under the World Trade Organisation (WTO) regime. The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers' vis-a-vis foreign producers and exporters.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Sensex, Nifty climb in early trade amid fresh foreign fund inflows

Centre approves 2 hydro projects worth Rs 3,689 crore in Arunachal Pradesh

Power Grid wins bid for transmission project

NFRA approves various auditing standards for limited liability partnerships

Modi calls for global financial model to support cooperative sector