DGAD to soon recommend provisional anti-dumping duty on wire rod

03 October 2016

Directorate General of Anti-Dumping and Allied Duties (DGAD) may recommend provisional anti-dumping duty on the wire rod soon, sources tell CNBC-TV18. Wire rod anti-dumping duty may have a reference price for Chinese imports.

The recommended reference price for cooperating exporters is USD 499 a tonne while reference the price for other exporters is fixed at USD 538 a tonne. The minimum import price (MIP) on wire rods is part of 66 items which lapses on October 4.

Investigations were initiated on imports of wire rods from China in June 2016. Anti-dumping duty will be implemented once the Central Board of Excise and Customs (CBEC) notifies DGAD recommendations.

Source – Moneycontrol