ANTI-DUMPING DUTY IS IMPOSED BY INDIA ON MALAYSIAN CALCULATORS FOR 5 YEARS

Anti- Dumping duty is imposed on those foreign imports who are believed to be priced below fair market value.

Calculators from Malaysia are now imposed for the same.
After the investigation by Directorate General of Trade Remedies ( DGTR), it is proved that the product from that country has been exported to India below it’s Normal Value, which is clearly the dumping of the product and due to which the domestic industry has suffered a huge loss in the material injury.

The application for the imposition of Anti- Dumping Duty on imports from Malaysia was filed by Ajanta LLP. Malaysia is believed to be an important partner of India in terms of trading.

Therefore, the Anti- Dumping Duty will be USD 0.92 per piece, it shall be effective for five years unless revoked, amended or superseded, earlier. The imposition will finally take place by, Finance Minister.

The imposition of ANTI-DUMPING duty is a protective method for the country and the domestic manufacturers, permissible under World Trade Organization (WTO) regime.