DGAD continues definitive ADD on imports of opal glassware from China and UAE
The Dollar Business Bureau The Directorate General of Anti-dumping has decided to continue the definitive anti-dumping duty on the imports of opal glassware from China and UAE. This was conveyed through a notification no.- 37/2017-CUSTOMS (ADD) dated August 9, 2017. According to the notification Opal Glassware exported by China PR will attract a duty of 30.64% of the cost insurance freight (CIF) value, while those from UAE will attract a duty of 4.38% of CIF value. The Indian petitioners M/s. La Opala RG Limited and M/s. Hopewell Tableware Pvt. Ltd. had filed for an investigation into the dumping of Opal Glassware sometime in 2010. The ADD on opal glassware from both the countries will be valid for the next 5 years.
Changes in duty drawback rates will boost Indias handicrafts exports: EPCH
The Dollar Business Bureau The recent changes in duty drawback rates and categorisation of handicraft products will help boost India’s handicrafts exports in the coming years, according to the Export Promotion Council for Handicrafts (EPCH). According to official sources, Indian handicrafts exports have grown steadily in the last few years, registering a y/y growth of around 15% to about $3.8 billion in FY2013-14. India’s exports of handicrafts are expected to grow to around $4.5 billion in FY2014-15. Rakesh Kumar, Executive Director, Export Promotion Council for Handicrafts (EPCH) Overall, exports are expected to get a further boost due to the changes introduced by the government in the duty drawback rates. “This will encourage exporters to do better in the future ...