SSPTMA, has sought imposing of anti-dumping duty, to protect domestic manufacturers.
With a surge in import of stainless steel (SS) pipes and tubes from China and Vietnam, domestic manufacturers fear it will disrupt local industry. In their first meeting held in Ahmedabad on Friday, SS Pipes and Tubes Manufacturers Association (SSPTMA), has sought imposing of anti-dumping duty, to protect domestic manufacturers.
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Manufacturers are emphasizing on anti-dumping duty because Chinese and Vietnamese manufacturers are able to sell SS pipes and tubes at a lesser rate despite Indian counterparts due to lesser taxation and subsidies.
“Vietnam and India have a Free Trade Agreement (FTA), which makes the basic customs duty (BCD) zero. This gives Vietnamese manufacturers a clear 10% margin over their Indian counterparts,” said Rajeev Garg, assistant vice-president, Jindal Group.
If government imposed anti dumping on china it will be good news for our Indian manufacturer.
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“Chinese manufacturers also have an advantage as the Chinese government gets 18.95% export subsidies on SS pipes and tubes exports to India, in addition to the incentives.
Manufacturers have proposed anti-dumping duty of at least 20-25% in addition to the basic customs duty, so that local players get a level-playing field.
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