Business Standard
The non-implementation of the recommended anti-dumping duties has resulted in an annual economic loss of Rs 11,938 crore to the domestic industry, whereas the imposition of these levies could generate an additional Rs 28,540 crore annually in forex by reducing imports, a report said on Tuesday. The Directorate General of Trade Remedies (DGTR), under the commerce ministry, conducts investigations into alleged dumping as a quasi-judicial authority, whereas the finance ministry takes the final call to impose these duties. "The non-implementation of anti-dumping duties on 56 DGTR-recommended products has resulted in an annual economic loss of Rs 11,938 crore to the domestic industry. "Whereas, imposition of DGTR-recommended anti-dumping duty could additionally generate about RS 28,540 crore (USD 3 billion) in annual foreign exchange savings by enabling domestic manufacturers to meet domestic demand instead of imports," according to the C-DEP Research and Centre for WTO Studies report -
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