New Delhi, May 31 Prices of compact fluorescent lamps (CFLs) imported from China and Vietnam may move northwards, with the Finance Ministry imposing a definitive anti-dumping duty on such imports from these two countries.
A definitive anti-dumping duty usually lasts for five years, unless revoked earlier.
The definitive anti-dumping duty would be applicable from November 21, 2008, the date of imposition of the provisional duty.
The recommendation to levy definitive anti-dumping duty on CFL imports from China and Vietnam was made by the Designated Authority in the Commerce Ministry in end February 2009.
The Authority had concluded that CFL imports originating from China and Vietnam are taking place at dumped prices and that this had caused “material injury to the domestic industry”.
CFLs have been designed to replace incandescant lamps.
Compared to incandescent lamps giving the same amount of visible light, the CFLs have longer rated life and generally use less power, but come at a higher purchase price.
The extended life-time and lower energy consumption more than compensates for the higher initial price.
The latest Finance Ministry move would impact producers/exporters including Foshan Electrical and Lighting Co Ltd, China, Osram China Lighting Co Ltd and Philips & Yaming Lighting Co Ltd., China.
Source : Business Line