The Directorate General of Trade Remedies (DGTR), upon careful evaluation of the domestic tyre market, has suggested imposing anti-dumping duty of US$337.80-US$527.08 per metric tonne on new pneumatic radial tyre imports from Thailand. At the behest of India’s Finance Ministry, the anti-dumping duty of tyre imports from Thailand and China could be levied for a period of five years.
The DGTR has carefully studied the market on behalf of domestic manufacturers including Apollo Tyres Ltd., JK Tyre & Industries Ltd. and MRF Ltd., saying, “There is substantial increase in imports of subject goods from subject country in absolute terms as well as in relation to production and consumption in India as compared to the previous years.
“[…] the domestic industry has suffered material injury caused by the dumped imports,” it said.
The Government of India had in June restricted the imports of tyres to prevent dumping of cheap imports; it mainly involved Chinese and Thai products including tyres for transport vehicles – the domestic industry reiterates that “the shifting of tyres into restricted category only adds licensing requirement and it is no ban on tyres, nor will it impact the volume and price of imports.”