India hits Vietnam with anti-dumping duty
India has decided to impose anti-dumping duties on plastics processing machines, or injection moulding machines, imported from Vietnam, Taiwan, Malaysia and the Philippines.
The Vietnam Competition Authority said on February 29 that the decision was made by India's Directorate General of Anti-Dumping and Allied Duties (DGAD) after finding that they were being sold low cost machines. Vietnam will be levied duties at 23.15%, while Malaysia, the Philippines and Taiwan will be taxed at 44.74%, 30.85% and 27.98%, respectively.
DGAD said they did not receive detailed answers for their questions from exporters in Vietnam, the Philippines and Malaysia. Therefore, they used available data to identify violation levels for the businesses.
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DGAD's investigation was conducted from April 2013 to March 2014 after it received complaints from the Plastics Machinery Manufacturers Association of India, saying that the mentioned countries and territories had exported low cost plastic processing machines to India, causing considerable damage to the Indian industrial sector.
The damage to India's domestic machinery industry due to dumped imports from Asian manufacturers was counted in the period between 2010 and 2014.
