India against Vietnam’s plastics machine exports
(VOV) -India’s Directorate General of Anti-Dumping and Allied Duties (DGAD) has decided to lodge an anti-dumping lawsuit against plastics processing machine or injection moulding machines imported from the Philippines, Malaysia and Vietnam.
The information was released by the Vietnam Competition Authority (VCA) on October 18.
The VCA reported that India’s DGAD started its lawsuit on October 14 after it received petition from the Plastics Machinery Manufacturers Association of India.
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DGAD’s investigation conducted from April 2013 to March 2014 showed that the Philippines, Malaysia and Vietnam exported plastics processing machines with at low prices, causing considerable damage to the Indian industrial sector.
Exporters from those Southeast Asian countries have 40 days to send their feedback to the DGAD under the Indian Ministry of Commerce and Industry.
India’s latest anti-dumping lawsuit is the fifth of its kind against Vietnamese exports. Earlier in 2008, India imposed an anti-dumping duty rate of 60-174% against plastics processing machines imported from China. The tax rate is valid from May 2009 to May 2015.