“The competent authority has accepted the request of extending time for finishing the on-going anti-dumping (authentic) investigation on imports of photo voltaic cells whether or not or not assembled into modules or panels originating in or exported from China, Thailand and Vietnam…for an additional interval until November 14, 2022,” reported PTI citing an official memorandum of the division of income, which was despatched to the DGTR.
It added that because the central authorities has already supplied an extension on two events from Could 15 to October 31, “no additional extension” past November 14 could be thought-about.
Indian Photo voltaic Producers Affiliation on behalf of Mundra Photo voltaic PV Restricted; Jupiter Photo voltaic Energy Restricted; Jupiter Worldwide Restricted, had filed an software looking for initiation of an anti-dumping investigation regarding the imports.
The applicant had alleged that materials damage is being brought about to the home business as a result of dumped imports by these international locations. They’ve requested for imposition of the anti-dumping responsibility on the import of the topic items originating in or exported from these international locations.
Whereas DGTR recommends the responsibility, the Division of Income takes the ultimate resolution to impose the duties.
In worldwide commerce parlance, dumping occurs when a rustic or a agency exports an merchandise at a worth decrease than the value of that product in its home market.
Dumping impacts the value of that product within the importing nation, hitting the margins and earnings of producing corporations.
In accordance with international commerce norms, a rustic is allowed to impose tariffs on such dumped merchandise to supply a level-playing area to home producers.
The responsibility is imposed solely after an intensive investigation by a quasi-judicial physique, comparable to DGTR, in India.
The imposition of anti-dumping responsibility is permissible beneath the World Commerce Organisation (WTO) regime.
The responsibility is geared toward making certain honest buying and selling practices and making a level-playing area for home producers vis-a-vis overseas producers and exporters.
(With inputs from PTI)