India Slams China with Extended Anti-Dumping on Fluroelastomers
- 28-Oct-2020 11:00 AM
- Journalist: Francis Stokes
After careful evaluation by the country’s quasi-judicial body, the Directorate General of Trade Remedies (DGTR), the Central Board of Indirect Taxes and Customs (CBIC) has issued a notification on Tuesday regarding the extension of anti-dumping duty on the imports of Fluoroelastomers originating in or exported from China by a month till November 27. The decision has been taken after the DGTR initiated a review in February, 2020 on whether these imported goods were hurting the domestic industry.
India had first imposed the duty in January 2019, which was further extended in July this year till October 27. Gujarat Fluorochemicals (GFL) had filed an application on behalf of the domestic industry for the review of existing duties and guard the domestic players from cheap Chinese imports alleging that dumping is severely impacting the price of the product in the Indian market and adversely affecting profit margins of the domestic manufacturing firms.
Fluoroelastomers are synthetic rubbers, commonly referred to as "rubber king". These are vividly used in hydraulic seals, check valve balls, electrical connectors, automotive, manifold gaskets and fuel tank bladder.