Antidumping likely on black toner from China, Malaysia, Taiwan
The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has initiated a probe into an alleged dumping of 'Black Toner in powder form' from these three countries following a complaint filed by Indian Toners and Developers Ltd and Pure Toners and Developers.
Toner is used in laser printers, photocopiers, digital multifunction devices to form the printed text and images on the paper.DGTR in a notification has said that on the basis of the prima facie evidence submitted by the companies about dumping of the product, it has initiated the investigations.
According to the notification of the Directorate, the company has requested for imposition of anti-dumping duty on the imports.If the probe finds that dumping has caused material injury to domestic industry, the directorate would recommend the amount of anti-dumping duty.
Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in cheap imports.As a counter measure, they impose duties under the multilateral regime of the World Trade Organization. The duty is aimed at ensuring fair trade practices and creating a level-playing field for domestic producers. RR SHWSHW
(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)
- India surpasses 2 lakh mark in daily COVID-19 cases with 1038 new fatalities
- Macrotech Developers IPO — check share allotment date, listing date and more
- Throwback to some of the best IPL ads made over the years
- Infosys, Wipro, HDFC Bank and other stocks to watch out for on April 15
- India's largest opposition party blames national media for its lack of influence — but its new YouTube channel may only be targeting the Hindi belt