Govt imposes ADD on the imports of castings for wind-operated electricity generators from China
The Dollar Business Bureau
In order to safeguard the domestic industry, the Government has imposed anti-dumping duty on imports of castings for wind operated electricity generators from China.
“In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, after considering the aforesaid final findings of the designated authority, hereby imposes definitive anti-dumping duty on the subject goods,” Finance Ministry said in a notification (no.42/2017-customs - ADD) on Wednesday.
“The Authority has come to the conclusion that the subject goods have been exported to India from the China below normal values and the domestic industry has suffered a material injury on account of subject imports from the subject country,” the notification said.
Based on recommendations, the Finance Ministry imposed an anti-dumping duty ranging between 6.27% and 35.92% of the landed value of the goods.
The product under consideration is castings for wind operated electricity generators also known as castings for windmill or wind turbine, whether or not machined, in raw, finished or sub-assembled form, or as a part of a sub-assembly, or as a part of an equipment/component meant for wind-operated electricity generators.
The anti-subsidy/countervailing duty is already in place on castings for wind operated electricity generators, as per the custom notification No.1/2016-Customs (CVD), dated January 19, 2016.
The application for initiating anti-dumping investigations had been filed with Directorate General of Anti-Dumping (DGAD) by Larsen & Toubro Ltd.
The anti-dumping duty shall be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of the notification and shall be payable in Indian currency, the notification said.
India imported around 21,867 thousand units of gears and gearings, ball screws, gear boxes and speed changers (HS code 84834000) in 2016-17, an increase of 124% as compared to 9,726 thousand units imported in 2015-16.
In value terms, the country imported $150 million worth of gears and bearings, ball screws, gear boxes and speed changers in 2016-17 as compared to $116 million a year ago, recording an increase of 29%.
In addition, India imported $321 million worth of parts of other rotating electric plants (HS code: 85030090) from China in 2016-17, a growth of 33% as compared to $240 million in 2015-16.