Categories: Business

India imposes anti-dumping duty on Malaysian calculators for 5 years. India imposes anti-dumping duty for five years on calculators imported from Malaysia

Photo: FILE PHOTO

India imposes anti-dumping duty on Malaysian calculators for 5 years. Representational Image

New Delhi. India has imposed an anti-dumping duty for five years on electronic calculators imported from Malaysia. This step has been taken to protect domestic companies from cheap imports. The Directorate General of Trade Remedies (DGTR), the investigation arm of the Ministry of Commerce, has recommended imposition of anti-dumping duty on calculators imported from Malaysia after investigation. Let us know that on May 29, the calculator imported from China has already imposed anti-dumping duty for 5 years.

The revenue department notification states that the calculator has been charged an anti-dumping fee of $ 0.92 per unit. It will remain in force for five years. DGTR, in its investigation, found that calculator imports from Malaysia were falling below the normal price. This is harming the domestic industry and it becomes a case of dumping. The DGTR recommends imposition of anti-dumping duties. The Finance Ministry takes the final decision on this.

Ajanta LLP applied for an anti-dumping duty on calculators imported from Malaysia. Bilateral trade between the two countries increased to $ 17.25 billion in 2018-19. It was $ 14.71 billion in the previous financial year.

Electronic calculators are the most imported from China

Most electronic calculators in India are imported from China. Electronic calculators worth $ 63.3 million were imported from China in calendar year 2019. This is followed by Hong Kong ($ 47 million) and Singapore ($ 44 million). A $ 1 million electronic calculator was imported from Malaysia in 2019. However, in 2018 the figure was $ 3 million. At present, India has also imposed anti-dumping duty on electronic calculators imported from China.

This post was published on June 6, 2020 2:52 pm

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