Business Daily from THE HINDU group of publications Thursday, Oct 12, 2006 ePaper |
|
|
|
|
|
|
|
Industry & Economy
-
Anti-dumping Web Extras - Tyres Anti-dumping duty slapped on Thai, Chinese tyres, tubes K.R. Srivats
New Delhi , Oct 11 The Finance Ministry has imposed provisional anti-dumping duty on non-radial lorry and bus tyres, tubes and flaps imported from China and Thailand. The provisional anti-dumping duty, which is usually valid for about six months, has been imposed through the reference price route to discourage any under valuation. In the case of China, the Ministry has pegged the reference price for bias tyres used in lorry and buses at $88.82 per piece. For inner tubes and tyre flaps, the reference price has been pegged at $6.98 and $3.50 respectively. If non-radial bus and lorry tyres from China were to be imported at less than $88.82 per piece, then the reference price would be the basis on which countervailing and other duties would be levied. Similarly, the reference price for bias tyres (used in lorries and buses) imports from Thailand has been pegged at $108.27. The Automotive Tyre Manufacturers' Association (ATMA), which had filed a petition for initiating an anti-dumping probe on imports of bias tyres from China, said that the reference price of $88.82 was not up to its expectations. "The anti-dumping duty that has been imposed is lower than anticipated. There is a lag effect as the period of investigation was from April 2005 to June 2006. In the period between June 2006 and now, the cost of production has gone up due to higher oil and natural rubber prices," Mr D. Ravindran, Director-General of ATMA, told Business Line.
Although the domestic tyre industry had petitioned for anti-dumping probe on lorry and bus tyre (bias tyres) imports from China, the imports from Thailand also got covered for the investigation as the prices of some import consignments from that country were below Chinese prices.
More Stories on :
Anti-dumping |
Tyres |
Exports & Imports
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|