Union Government extends anti-dumping duty on certain Chinese products
Posted on:11 Oct 2016 11:46:35
11 October 2016 Current Affairs GK: The Union Government has extended anti-dumping duty on import of certain Chinese products, used in garment, toys and footwear manufacturing, for another five years i.e. till 2021. Decision in this regard was taken by Central Board of Excise and Customs (CBEC) based on recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD).
This extension will protect domestic industry from the harm caused by dumping (import) of the cheap Chinese products.
The DGAD made the case for continuation of the anti-dumping duty on Chinese products after its second sunset review of the anti-dumping duty in force on the imports.
Earlier in October 2010, the Revenue Department of the Unio Finance Ministry had extended the levy (anti-dumping duty) till October 2015.
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