Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

DGTR suo-motu probing alleged dumping of three Chinese goods; to protect MSMEs from cheap imports

PTI
Updated: September 24th, 2023, 17:17 IST
in Business
0
DGTR logo
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: The commerce ministry’s investigation arm DGTR has “suo-motu” initiated probes against alleged dumping of three products, including unframed glass mirrors and fasteners, by Chinese companies as the authority seeks to guard MSME units against cheap imports from the neighbouring country.

Usually, anti-dumping investigations are initiated based on an application filed by domestic producers, but since the fragmented industries did not have the know-how of the procedures involved in the trade remedy probe, the Directorate General of Trade Remedies (DGTR) has undertaken the exercise to investigate the matter on its own initiative.

Also Read

Fraud Risk

RBI asks banks to use DoT tool to curb cyber fraud

5 hours ago
Congress

‘Debt of achche din’: Congress slams govt over rise in per capita debt of individual borrowers

7 hours ago

According to three separate notifications, the DGTR said that it is probing alleged dumping of telescopic channel drawer, unframed glass mirror and fasteners.

The move is aimed at granting much-needed protection to the MSME (micro, small and medium enterprises) producers against dumped goods from China.

“This is a giant leap forward from DGTR’s first suo-motu investigation in 2000 on dry batteries from China wherein the duties were imposed for five years. This is also the first occasion where India’s anti-dumping watchdog has initiated three suo-motu investigations at one go against China,” a senior government official said.

The directorate had received information that Indian producers of these three products were facing stiff competition from unfairly priced Chinese imports.

According to one of the notifications, a representation was received from Highhope Furniture Fittings Manufacturers Associates Pvt Ltd consisting of 25 manufacturers of telescopic channel drawer stating that there has been a steep decline in Indian production due to a significant increase in dumped imports from China.

It has been estimated that the import value is Rs 356 crore.

On unframed glass mirror, representation was received from All India Mirror Manufacturers Association.

The maximum producers of unframed glass mirrors are medium, small and micro enterprises. Some have already shut down their production as they were unable to survive the competition faced from the dumped imports from Chinese producers/exporters.

In 2022-2023, the demand for the product has been estimated around 1,10,904 metric tonnes in which the imports from China were 80,178 metric tonnes almost catering to 72 per cent of Indian demand with the import value of Rs 183 crore.

Similarly, Apt Tools and Machinery along with Northern Screw Association filed a representation before the DGTR requesting anti-dumping duty on the imports of nuts, bolts, screws from China.

The imports of these nuts and bolts were Rs 137 crore during the last financial year. The producers of the product are SME which is estimated to be around 179 with an investment of more than Rs 1,200 crore catering to an employment of more than 15,000 people.

The imports from China in the last financial year for this product has been around 16,168 metric tonnes. In 2022-23, India had imported close to $100 billion worth of merchandise from China. India’s merchandise trade deficit with China stood at $83 billion in that fiscal.

To help fragmented industries avail benefits of trade remedies like antidumping and countervailing duties, earlier the DGTR had simplified procedural requirements to facilitate their participation in seeking protection against unfair trade practices of imports.

DGTR had issued trade notices allowing for a sampled analysis of the condition of these industries.

This has made remedies against unfairly priced imports more accessible to domestic producers.

If it is established that the dumping of these products has caused material injury to domestic players, DGTR would recommend the imposition of anti-dumping duty on these imports.

The finance ministry takes the final decision to impose duties.

Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports.

As a countermeasure, they impose these duties under the multilateral regime of Geneva-based World Trade Organization (WTO). The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.

India has already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China.

PTI

Tags: ChinaDGTRGoodsImportMSME
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019

Archives

Editorial

Hungary Lessons

Hungary
July 2, 2025

Revolting against oppression and seeking freedom is ingrained in human nature, something that a repressive regime finds out sooner or...

Read more

New Democratic Face

Zohran Mamdani
July 1, 2025

US President Donald Trump, who had comfortably defeated his Democratic rival Kamala Harris in the recent presidential election and exuded...

Read more

Proof To Vote

Vote
June 30, 2025

Months ahead of the Assembly polls in Bihar, the Election Commission of India (ECI) on 28 June launched a ‘special...

Read more

Genesis of Jana Sangh

AAKAR PATEL
June 29, 2025

We marked the 50th anniversary of the Emergency a few days ago. Another anniversary, this time the 75th, went relatively...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST