Anti-dumping on 4 items imported from China extended for 5-yr

In the backdrop of widening trade gap with China, India today extended for five years anti- dumping duty on import of four Chinese products, including silk fabrics and a sweetener. The duty is imposed to protect the domestic industry from cheap imports. Import of certain type of silk fabrics from China will attract anti-dumping duty of $1.82 to USD 7.59 per metre, a notification of the Revenue Department said. The duty was first imposed on the fabrics in December 2006 till December 2011. India had a trade deficit of USD 16 billion against China during 2010-11. It has already crossed USD 20 billion in the first seven months of the current fiscal.

Source: Economic Times