The Central Government of India has imposed anti-dumping duty on imports of certain steel wire rods from China for five years
![Anti-dumping Duty imposed on Chinese Steel Products Anti-dumping Duty imposed on Chinese Steel Products](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6G3RpWa07C94h4fUbgK7BrgRIMB5sbjtboVuiWHMsmeYtbEi9jv2UUyvWBLtZFNIqf7NWoZsU3mzfTqhMwmE_3KyYj7-ryI9kKr6CE99AHbDuQ5bqPuM_g_YPOL_ci75xI7YHVW56eCw/s400-rw/FE-Steel1.jpg)
- The decision is taken to guard the interest of domestic producers/marketers from cheap in-bound shipments.
- Directorate General of Anti-dumping and Allied Duties (DGAD) which of commerce ministry recommended duty on such imports.
- The duty would be the difference between the landed value of the steel products and $535 per tonne while for others, it should be the gap between the landed value and USD 546 per tonne.
What is Anti-Dumping Duty?
- Countries impose anti-dumping duty to ensure if the domestic industry has been hurt by a surge in below-cost imports.
- As a counter-measure, duties under the multilateral WTO regime are imposed by the countries
- The aim to impose anti-dumping duty is not to restrict imports but to ensure fair trade and provide opportunities to the domestic industries.