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Union Government has imposed anti-dumping duty of up to 44.7 per cent on import of plastic-processing machines from Chinese Taipei, Malaysia, Philippines and Vietnam for five years. The anti-dumping duty will be levied on imports of all kinds of plastic-processing or injection-moulding machines, also known as injection presses. The move is aimed at protecting the domestic industry from cheap in-bound shipments from these 4 countries. Background The Directorate General of Anti-dumping and Allied Duties (DGAD) during its investigation had found that the cheap in-bound shipments of Plastic Processing Machines or Injection Moulding Machines from these countries at dumped prices are hampering performance of the domestic industries. What are Anti-dumping measures? These are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products. They are counter import measures used by a country to protect its domestic producers and market from below-cost (cheap) imports under the multilateral World Trade Organisation (WTO) regime. In India, anti-dumping duty is recommended by the DGAD under the aegis of Union Ministry of Commerce, while the Union Finance Ministry imposes it.
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