23 May 2013 09:57 [Source: ICIS news]
KOLKATA (ICIS)--India has imposed definitive antidumping duties (ADD) ranging from $0.186/kg to $0.423/kg on carbon black imported from China, Thailand, Russia and Australia, a government official said on Thursday.
The ADDs, which take effect immediately and will last until July 2014, were slapped following a mid-term review (MTR) completed by the Directorate General of Antidumping and Allied Duties (DGAD) in February 2013, the official from the country’s Central Board for Excise and Customs (CBEC).
The ADD would replace the safeguard duty on carbon black imports that India’s Automotive Tyre Manufacturers Association (ATMA) wished to be lifted , the official said.
ATMA had claimed that there had been significant positive change in the domestic carbon black market and hence, had sought discontinuation of the safeguard duties.
But the DGAD deemed that the “domestic industry continued to be fragile, and risks from imports to domestic carbon black industry persisted”, and recommended the imposition of specific rates of ADD instead, according to the official.
The ADD rates vary depending on the origin of the material – a $0.33/kg ADD applies to Australian imports; $0.423/kg for ex-China cargoes; $0.391/kg for ex-Russia material; and $0.186/kg for ex-Thailand shipments.
In September 2012, an ad valorem safeguard duty was put in place on carbon black imports over a three-year period, with the initial duty rate of 30%, which will decline by 5 percentage points on the second and third year of implementation.
The existing ad valorem safeguard duty will cease to be in effect in end-2013, according to India’s Ministry of Finance.
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