India Imposes Definitive Anti-Dumping Duty on Chinese Gypsum Board and Tiles
India Imposes Definitive Anti-Dumping Duty on Chinese Gypsum Board and Tiles

India has taken a decisive stance against unfair trade practices, marking a significant move in safeguarding its domestic industries. The latest development involves the imposition of a definitive anti-dumping duty on gypsum board and tiles originating from China. This move, initiated by the Commerce Ministry, aims to protect the local market from unfair trade advantages and ensure a level playing field for Indian manufacturers.

Under the newly imposed regulations, the anti-dumping duty on gypsum board and tiles will span a period of five years. Imports from China will incur duties ranging between $23.46 to $47.62 per tonne. For imports originating from Oman, the duty will stand in the range of $71.80 to $91.42 per metric tonne. Notably, these duties have been established following a thorough assessment and recommendation by the Commerce Ministry, focusing particularly on tiles that possess lamination on at least one side.

Gypsum boards and tiles serve as integral components in the construction industry, predominantly utilized for ceilings in various commercial and residential projects. The imposition of anti-dumping duties seeks to ensure fair competition within this sector, bolstering the growth and stability of the indigenous construction materials market.

This move follows a recent decision by the Finance Ministry to impose definitive anti-dumping duties on specific industrial laser machines from China. These machines, utilized for cutting, marking, or welding purposes, faced regulatory measures as part of India's efforts to address trade imbalances and promote a more equitable trade environment.

The imposition of anti-dumping duties on Chinese imports signals India's commitment to fostering a fair and competitive marketplace, shielding local industries from unfair trade practices. This proactive approach underscores the government's dedication to supporting domestic manufacturers and ensuring a sustainable growth trajectory for key sectors.

Govt Approves 746 Applications Under PLI Boosting Various Sectors

Global Economy Faces Challenges, Looks to Brighter Future in 2024

Join NewsTrack Whatsapp group
Related News