India Introduces Duties on Chinese Tyre Machinery

In the interest of protecting its domestic industry, India’s government has implemented a 10 per cent anti-dumping duty upon tyre manufacturing machinery imported from China. The country’s Finance Ministry reports that this duty will be imposed upon the landed value of all Chinese produced tyre vulcanisers and rubber processing units.

This action was recommended by the the Directorate General of Anti-Dumping and Allied Duties, a section of India’s Commerce Ministry, after it was determined that these items were arriving from China at dumped prices, and their presence in the Indian market was harming the domestic industry.

According to the Reserve Bank of India, China has become the largest importer of products to India. The dollar value of imports from China has increased from US$12.64 billion in 2006-7 to $32.49 billion in 2008-9.