India extends anti-dumping duty on jute imports from Nepal, Bangladesh ...Middle East

Economy by : (Business Standard) -
India has extended anti-dumping duty on imports of certain jute products from Nepal and Bangladesh for five years, a move aimed at protecting domestic players from cheap inbound shipments. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR, in its probe in September last year, concluded that there is continued dumping of these products from Nepal and Bangladesh and the imports are likely to enter the Indian market at dumped prices in the event of cessation of existing duty. It had recommended continued imposition of the anti-dumping duty on the imports to remove injury to the domestic industr

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