Categories: Business

India extends anti dumping duty on Chinese synthetic rubber

Photo: SOCIAL MEDIA

India extends anti dumping duty on Chinese synthetic rubber

new Delhi. The government is constantly taking steps to reduce imports of cheap goods from China and to protect the domestic industry from cheap Chinese goods. Another step has been taken in this direction on Tuesday. The already applicable anti-dumping duty on cheap synthetic rubber (FKM) imported from China has been extended for 3 months. The government has already imposed anti-dumping duty on its import but its term was expiring on 27 July but now this rule will remain in force till 27 October.

China sends huge quantities of cheap goods manufactured in India to other countries of the world including India, due to which the local industries of other importing countries including India have to suffer. In view of this move of China, the Indian government has already imposed anti-dumping duty on cheap synthetic rubber coming from China so that China does not send more synthetic rubber to the Indian market and it does not harm the domestic industry. Now this fee will be applicable till October 27.

China's fault on the Ladakh border continues to be overshadowed by it, first India has banned 59 mobile apps of China and now China is fearing that India might ban its 7 big companies. These big companies include names like Alibaba and Huawei.

This post was published on July 21, 2020 9:36 pm

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