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Taxation Central Ministry of Finance Customs Act, 1962

Ministry of Finance Imposes Anti-Dumping Duty on Chinese Steel Wheels for 5 Years

11-Sep-2023 | 09/2023-Customs (ADD)

Ministry of Finance has issued a notification regarding the imposition of Anti-Dumping Duty (ADD) on the import of flat base steel wheels from China PR for a period of five years. This decision is based on the final findings of the designated authority, as published in their notification dated June 12, 2023. The key points from the authority's findings include: 1. The subject goods are likely to enter the Indian market at dumped prices if the existing anti-dumping duties are lifted. 2. Chinese exporters are found to be exporting these goods to third countries at significantly dumped and injurious prices. 3. The Indian industry would not gain any undue advantage from the extension of existing duties. 4. Healthy competition exists in the Indian market, and the continuation of duties would not adversely affect the user industry's requirements.

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