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Dumping Duty on Tyre Import from China, Thailand

Date : February 24, 2010
Number of Views : 7708

Indian Govt has imposed definitive anti-dumping duty on truck and bus radial tyres imported from China and Thailand. Indian Tyre manufacturers has long been clamoring for this step and the move is considered a victory for the domestic tyre industry.

Dumping duty will result in lower imports of radial truck and bus tyres by domestic commercial vehicle manufacturers as landed cost is likely to go up on account of this levy.

Indian commercial vehicle manufacturers found an attractive proposition in truck and bus radial tyres from China and Thailand because of better price. With dumping duty, automobile makers may now have to source from Indian market, leading to better margin for Indian manufacturers of radial tyre.

Based on the recommendations of the Designated Authority in the Commerce Ministry, the Revenue Department has now imposed definitive anti-dumping duty ranging from $24.97 per set of TTF (tyre +tube+ flap) to $99.05 per TTF depending on the producer/country of export.

News Category: Tyre, Tube, Accessories
Natural and Synthetic Rubber, Rubber Compounds

News Type : Govt Policy
Regulatory News


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