| Date: |
05-01-2015 |
| Subject: |
‘Import duty to double pen drive prices’ |
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NEW DELHI: A proposal to slap anti-dumping duty on Chinese pen drives could lead to more than doubling of data storage device prices and encourage grey market trade, according to a section of domestic industry players.
In its final findings, the Directorate General of Anti-dumping and Allied Duties (DGAD) has recently said USB flash drives (pen drives) have been exported from that country into the Indian market at prices less than their normal values. The application for the investigation was filed by Storage Media Products Manufacturers & Marketers Welfare Association on behalf of the domestic producers represented by Moser Baer India. The recommended anti-dumping duty is up to $3.12 a piece. Anti-dumping duty is recommended by the commerce ministry, while the finance ministry imposes it.
Opposing the move, the India Electronics and Semiconductor Association (IESA) chairman Ashok Chandak said: "This is on average almost 160% duty over the basic import price of the USBs in 2GB to 8GB capacities. This will put a huge burden on the consumers."
Source : timesofindia.indiatimes.com
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