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Anti-Dumping Cases Slowed Down By the Revenue Department.

Courtesy/By: Dorothy Baruah | 2021-06-16 16:01     Views : 210

They are among an entire host of things on that the revenue department has not an obligatory anti-dumping duty, despite the Directorate General of Trade Remedies (DGTR) recommending action. The list of such things is just growing by the day, with business estimates suggesting that there are 25-30% of the product on that the DGTRs recommendation has been rejected throughout the last 18-20 months.

DGTR is that the agency housed within the Department of Commerce, In distinction, throughout the sooner months, revenue departments strike rate in functioning on DGTR recommendations was as high as 90th. Between January 2018 and May 2019, there have been 33 investigations by the agency, and also the variety nearly doubled throughout the next 18 months.

The revenue department's reluctance to act on a major chunk of the recommendations is seen as a change of stance and coincides with NITI Aayog analysis that an oversized variety of anti-dumping and safeguard actions were against inputs and raw materials, that pushed up prices for native producers, rendering them uncompetitive. Nearly 85th of the products facing anti-dumping levies are inputs, NITI Aayog had assessed.

While globally too inputs face the highest number of actions, a section in NITI Aayog and revenue department viewed these actions as advocates, although they are trade defense measures provided by the World Trade Organization (WTO). Since it got the powers under the WTO regime, India is that the world's biggest user of the anti-dumping weapon.

Even currently business believes that the revenue departments call against imposing the suggested levies, meant to guard domestic business against low-cost imports, is leading to imports of around Rs 20,000 crore annually and hurting them. A bulk of these shipments area unit returning from China and inflicting job losses, business representatives are aforementioned.

For instance, of the 68 cases investigated by DGTR between June 2019 and December 2020, over half concerning imports from China, government sources confirmed. To impose an anti-dumping duty, DGTR should establish injury to the domestic industry due to exports of products at a value under the domestic market. In most cases, India’s actions are aimed at Chinese products.

This Article Does Not Intend To Hurt The Sentiments Of Any Individual Community, Sect, Or Religion Etcetera. This Article Is Based Purely On The Authors Personal Views And Opinions In The Exercise Of The Fundamental Right Guaranteed Under Article 19(1)(A) And Other Related Laws Being Force In India, For The Time Being. Further, despite all efforts that have been made to ensure the accuracy and correctness of the information published, White Code Consulting & Governance shall not be responsible for any errors caused due to human error or otherwise.

Courtesy/By: Dorothy Baruah | 2021-06-16 16:01