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Sunday, April 28, 2024

DGTR for imposing countervailing duty on copper tubes, pipes from Malaysia, Thailand, Vietnam

The commerce ministry has recommended the imposition of countervailing duty on copper tubes and pipes from Malaysia, Thailand and Vietnam for five years, a move aimed at guarding domestic players against imports that are subsidised by these countries.

The ministry’s investigation arm Directorate General of Trade Remedies (DGTR) in its findings after a probe has stated that the investigation was initiated on a suo-motu basis and was notified to all interested parties. The DGTR added that adequate opportunity was given to the domestic industry, embassies of these countries, exporters, importers and other interested parties to provide positive information on the aspect of subsidisation, injury and causal link.

”Having initiated and conducted an investigation into subsidisation, injury and causal link…the authority is of the view that imposition of countervailing duty is necessary,”…

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