| Date: |
07-10-2014 |
| Subject: |
Government to complete probe into dumping of Chinese pendrive by December |
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NEW DELHI: Investigations on the alleged dumping of pendrives by China and Korea into India will be completed by the Commerce Ministry by December 20.
"...the competent authority has accorded permission for extension of time up to December 20 for completing the investigation and notifying the final findings," the ministry has said.
On June 21 last year, Storage Media Products Manufacturers & Marketers Welfare Association had filed an application before the Directorate General of Anti-Dumping & Allied Duties (DGAD) on behalf of the domestic industry represented by Moser Baer India alleging dumping of USB flash drives (or pendrives) originating in or exported from China and Korea.
As the probe could not be completed within a year, the government has extended the time limit by up to December 20.
DGAD, which is under the Commerce Ministry, had said that it has found sufficient evidence of dumping of pendrives from these countries.
The authority would determine the existence, degree and effect of alleged dumping and it would recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry.
It further said that period of investigation was January- December 2012. However, it would also cover the financial years 2009-10, 2010-11 and 2011-12.
The USB flash drives are also known in the market parlance by various other names such as pendrive, keychain drives, key drives, USB sticks, flash sticks and jump sticks. It is a data storage device which uses flash memory and USB (Universal Serial Bus) interface to interact with computers or other multimedia devices for data exchange.
Countries initiate anti-dumping probes to check if the domestic industry has been hurt because of a surge in below- cost imports.
As a counter-measure, they impose duties under the multilateral WTO regime.
Source : economictimes.indiatimes.com
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