DGAD recommends anti-dumping duty on clear float glass from Iran
The Dollar Business Bureau
In order to safeguard the domestic industry from cheap imports, Directorate General of Foreign Trade (DGAD) has recommended imposition of anti-dumping duty on the imports of clear float glass, which is used in construction, refrigeration, mirror and solar energy industries etc, from Iran.
“After examining the submissions made by the interested parties and issues raised therein; and considering the facts available on record, the Authority concludes that the product under consideration has been exported to India from Iran below their normal values and the domestic industry has suffered material injury. Therefore, the Authority recommends imposition of definitive anti-dumping duty equal to the lesser of the margin of dumping and the margin of injury, so as to remove the injury to the domestic industry,” the DGAD said in a notification (No.14/7/2015) issued on Monday.
The petition for initiating anti-dumping investigation has been filed by M/s Gold Plus Glass Industry Ltd, M/s HNG Float 6 Glass Ltd (HNG) and M/s Saint-Gobain India (Pvt) Ltd (SGIPL), who accounts for more than 50% of the total Indian production.
DGAD, on the basis of sufficient evidence submitted by the applicants, issued a public notice on December 23, 2015, for initiating anti-dumping investigations concerning imports of clear float glass of nominal thickness ranging from 4mm to 12mm, originating in or exported from Iran, to determine the existence, degree and effect of alleged dumping and to consider recommendation of the anti-dumping duty, the notification said.
The investigation period was from January 1, 2014 to June 2015 (POI). After examining the volume and price effects of imports of subject goods from subject country and its impact on the domestic industry, the DGAD concluded that the dumped imports of the subject goods from Iran increased significantly throughout the injury investigation period in absolute terms as also in relation to production and demand of the subject goods in India. Based upon the investigations it concluded that the domestic industry has suffered material injury due to dumped imports from Iran during the period of investigation.
The Authority also notes that the imposition of the anti-dumping measures would not restrict imports from Iran in any manner and, therefore, would not affect the availability of the product to the consumers.