1. Recently, Prime Minister Shri. Modiji had announced the ‘Atmanirbhar programme’ which aims to create enough local production to meet local demand. The invention of such scheme was understood during such pandemic wherein, majority of our local demand was depended upon foreign markets and due to lockdown across the globe acute shortage was created. In the past, the India economy was open for import of goods from foreign country subject to restrictions imposed and levy of import duties at the time of import of goods in India. In International trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in the domestic market. The Government in order to boost the domestic players & make India self-sufficient so that no such hoarding happens had decided to impose Anti-Dumping Duty on several commodities in the coming future.
2. The synopsis of various notifications issued by Central Government post lockdown by way of imposition of Anti-dumping duties is explained as under:
|Sr No||Tariff item||Description of Goods||Country of Origin/ Export1||Anti- Dumping Duty Amount||Time Limit|
|1||2914 11 00||Acetone||Korea RP||USD 79.75/ MT||14-10-2020|
|2||2918 1520||Sodium Citrate||China PR||USD 96.052 / MT or 152.78/ MT||19-05-2025|
|3||8470||Electronic Calculator||China PR||USD 0.283 / piece or USD 1.22 / piece||27-05-2025|
|Malaysia||USD 0.92/ piece||03-06-2025|
|4||5501 30, 5503 30, 5506 30||Acrylic Fibre||Thailand||USD 1624 /MT or USD 493/ MT||30-11-2020|
|Korea RP||USD 270/ MT|
|5||7219 or 7220||Hot Rolled austenitic stainless steel flat products||China PR||USD 309/ MT||04-12-2020|
|Malaysia||USD 316 / MT||04-12-2020|
|Korea RP||USD 180/ MT|
|6||2933||1-phenyl-3-m||China PR||USD 5.01/ KG||09-12-2020|
|7||3907.20||Flexible Slabstock Polyol of Molecular weight 3000- 4000||Singapore||USD 45.735 / MT or USD 153.89/MT||09-06-2025|
|8||5902 10||Nylon Tyre Cord Fabric||China PR||USD 0.526 /KG or USD 1.10/KG||11-12-2020|
|9||7210, 7212 ,7225 and 7226||Flat Rolled product of Steel Plated or coated
with alloy of Aluminium and Zinc
|Republic of Korea||USD 14.307 / MT or USD 56.968 / MT or USD 13.079 / MT or USD 84.47/ MT||23-06-2025|
|Vietnam||USD 23.6310/MT or USD 46.8711/MT or USD 48.9612/ MT or USD 173.10/ MT|
|China PR||USD 56.4813/MT or USD 128.93/ MT|
|10||9017 8010 or 9017 9000||Measuring Tapes – Steel Tapes & Fibre glass Tapes parts and components thereof||China PR||USD 1.83 /KG & USD 2.56/KG respectively||08-07-2025|
|11||2707 9900 or 2907 11||Phenol – Bulk and / or Packed||South Africa||USD 342.76/MT||09-01-2021|
3. Imposition of Anti-Dumping Duty provisions inflates the landing cost of material, thereby discouraging imports. This is an attempt made by the Government of India towards “Atmanirbhar Program” announced by the Prime Minister of India. The same would lead to a shift of procurement channel thereby leading to an increase in local manufacturing process. Accordingly, large scale manufacturing opportunities would be created and the MSME programme and benefits introduced by the Government is in synchronisation with the idea of the plan announced by the Prime Minister of India. Some of the highlights of the changes are explained as under:
Soon after the announcement of anti-dumping duty a statement was given by Mr. Sajjan Jindal, CMD JSW Group of Companies that “Going forward, India should be the steel producer of the world, not China.”
4. Many of the above restrictions are specifically for the goods imported from China PR and it coming at the time of the raging border dispute shall have a sentimental impact on the Indian market. Accordingly, we expect more such developments in future thereby gradually shifting the economic model and creation of tremendous opportunities for small and medium segment population leading to achievement the dream of “Atmanirbhar Program”.
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2Produced by Jiangsu Guoxin Union Energy Co. Ltd
3Produced by Ningbo Deli Electronic Development Co., Ltd.
4Produced by Thai Acrylic Fibre Company Ltd., Thailand
5Produced by M/s Shell Eastern Petroleum (Pte) Ltd
6Produced by Jiangsu Haiyang Chemical Fibres Co. Ltd.
7 Produced by Dongkuk Steel Mill Co. Ltd
8Produced by POSCO/POSCO Coated & Color Steel Co Ltd
9Produced by Dongbu Steel Co Ltd
10 Produced by Ton Dong A Corporation
11 Produced by Hoa Sen Group
12 Produced by Tay Nam Steel Manufacturing & Trading Co., Ltd
13 Produced by Zhejiang Huada New Materials Co., Ltd
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