India slaps anti-dumping duty on Chinese glass fibre.

India has slapped anti-dumping duty on import of glass fibre from China to protect domestic industry from cheaper shipments.

The Finance Ministry in a notification imposed an anti- dumping duty of up to 47.15 per cent of CIF value of import of glass fibre from China for five years to August 31, 2021.

India had first imposed anti-dumping duty on import of glass fibre from China in 2013 and was in 2015 extended by one year to July 13, 2016.

Directorate General of Anti Dumping (DGAD) has in a review in July this year concluded that glass fibre have been exported to India from China below its normal value. Fibre glass from China was entering into "the Indian market at dumped prices" and "the domestic industry has suffered material injury." Stating that there is likelihood of recurrence of injury in case of cessation of anti-dumping duties, DGAD had recommended continuation of ad-valorem antidumping duty as a percentage of the CIF value of imports" from China.

Following DGAD recommendation, the Finance Ministry imposed an anti-dumping duty of 33.11 per cent of CIF value on import of glass fibre manufactured by Taishan Fibreglass Inc, 24.59 per cent on the same produced by Jushi Group Jiujiang Co Ltd and 20.46 per cent on that made by Chongquing Polycomp International Corporation (CPIC).

An anti-dumping duty of 47.15 per cent was imposed on any other producer of glass fibre from China, the notification said.

"The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, amended or superseded earlier)," it said.

Glass fibre include glass roving, direct rovings, glass chopped strands and glass chopped strands mats. Glass fibre articles are essentially a reinforcement material.

"Specifically excluded from the scope of the product under consideration are glass wool, fibre glass wool, fibre glass insulation in wool form, glass yarn, glass woven fabrics, glass fibre fabric, glass woven rovings, chopped strands meant for thermoplastic applications, micro glass fibre used in battery separator, surface mat/surface veil/tissue, wet chopped strands and Cemfil (alkali resistant glass fibre for concrete reinforcement)," it said.

Source : moneycontrol.com