India examines antidumping duty slap on DVDs imported from Vietnam
The Directorate General of Anti-Dumping and Allied Duties (DGAD) of India will arrange a hearing for the imposition of an anti-dumping tax on Digital Versatile Discs (DVDs) imported from Vietnam.
Hanoi (VNA) - The Directorate General of Anti-Dumping and Allied Duties (DGAD) of India will arra♚nge a hearing for the imposition of an anti-dumping tax on Digital Versatile Discs (DVDs) imported from Vietnam, according to the Competitiveness Management Department under the Vietnamese Ministry of Industry and Trade.
The DGAD, a nodal agency of the Indian Commerce Ministry, recommended imposition of the duty after an investigation began in May 2009.
The agency concluded in its probe that the domestic industry had suffered a material injury on account of dumped imports of the DVDs from Vietnam, Thailand and Malaysia.
In 2010, India decided to impose a duty on DVDs of between 29.75 USD per 1,000 pieces to 50.51 USD per 1,000 pieces. The duty imposed under this notification was to be levied for a period of five years, from April 12, 2010.
On December 31, 2013, India finally announced that the duty would be 73.01 USD per 1,000 DVDs.
Last year, India began anti-dumping probes to consider if Indian businesses have been sustaining losses and if there is need for the duty to continue.
Questionnaires related to the case were sent to involved parties. They were required to prepare proposals on their viewpoints, which will be presented at the upcoming hearing.
Vietnamese companies exported 57.56 million DVDs to India between 2008 and 2009.
In 2009, India levied anti-dumping duties of 46.94 USD per 1,000 CDs, and tariffs ranging from 0.452 USD to 1.582 USD on compact fluorescent lamps bulbs from Vietnam.-VNA
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Illustrative image (Source: VNA)
