Editor's note: The Indian tax authorities said that unless cancelled, replaced or corrected, the anti-dumping tariff will be implemented again for 5 years.
Taking into account the increase in the trade gap in China, India decided to continue to impose anti-dumping tariffs on silk fabrics imported from China for an extension of five years.
These anti-dumping duties mean protecting domestic industries and avoiding the invasion of low-priced Chinese goods.
A notice issued by the Indian Taxation Bureau stated that some types of silk fabrics imported from China have encountered anti-dumping duties ranging from $1.82 to $7.59 per meter.
India first imposed anti-dumping tariffs on silk fabrics imported from China in December 2006, which was valid for five years and ended in December 2011.
In fiscal year 2010-11, India’s trade deficit with China reached US$16 billion. In the first seven months of the current fiscal year, India’s trade deficit with China has exceeded 20 billion U.S. dollars.
In December 2010, the General Administration of Foreign Trade of India conducted a review and concluded that the end of anti-dumping tariffs will lead to the continued clarity of Chinese silk products and will be detrimental to domestic industries. The review suggests that not only is it necessary, but also should continue to expropriate anti-dumping duties, anti-dumping tariffs should be strengthened.
The Indian tax authorities said that unless cancelled, replaced or corrected, the anti-dumping tariff will be implemented again for 5 years.
The Indian tax authorities also said that certain types of nylon filament yarn imported from Thailand, China, Malaysia, South Korea and Chinese Taipei will be expropriated with anti-dumping tariffs of US$0.20-1.51/kg, with an implementation period of five years.
Taking into account the increase in the trade gap in China, India decided to continue to impose anti-dumping tariffs on silk fabrics imported from China for an extension of five years.
These anti-dumping duties mean protecting domestic industries and avoiding the invasion of low-priced Chinese goods.
A notice issued by the Indian Taxation Bureau stated that some types of silk fabrics imported from China have encountered anti-dumping duties ranging from $1.82 to $7.59 per meter.
India first imposed anti-dumping tariffs on silk fabrics imported from China in December 2006, which was valid for five years and ended in December 2011.
In fiscal year 2010-11, India’s trade deficit with China reached US$16 billion. In the first seven months of the current fiscal year, India’s trade deficit with China has exceeded 20 billion U.S. dollars.
In December 2010, the General Administration of Foreign Trade of India conducted a review and concluded that the end of anti-dumping tariffs will lead to the continued clarity of Chinese silk products and will be detrimental to domestic industries. The review suggests that not only is it necessary, but also should continue to expropriate anti-dumping duties, anti-dumping tariffs should be strengthened.
The Indian tax authorities said that unless cancelled, replaced or corrected, the anti-dumping tariff will be implemented again for 5 years.
The Indian tax authorities also said that certain types of nylon filament yarn imported from Thailand, China, Malaysia, South Korea and Chinese Taipei will be expropriated with anti-dumping tariffs of US$0.20-1.51/kg, with an implementation period of five years.
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