DGTR terminates anti-dumping probe on imports of Chinese fasteners

The commerce ministry probe limb DGTR has terminated an anti-dumping probe into the import of Chinese fasteners, utilized successful aggregate sectors, including operation and auto, according to a notification.

Fasteners see screws, bolts, nuts, factual nails, concern staple pins, alloy strapping seals, integrative portion nails, and cablegram clip nails.

In its last findings, the Directorate General of Trade Remedies (DGTR) said determination is nary capable grounds of dumping and wounded to warrant the continuation of the investigation.

"Due to deficiency of required data, the authorization is incapable to marque immoderate determination regarding grounds of dumping and wounded to the home industry. Therefore, the authorization is constrained to terminate the contiguous investigation," it said.

The directorate had "suo-motu" initiated the probe successful September 2023 against the alleged dumping of the product.

Usually, anti-dumping investigations are initiated based connected an exertion filed by home producers, but since the fragmented industries did not person the knowhow of the procedures progressive successful the commercialized remedy probe, the directorate undertakes the workout to analyse the substance connected its ain initiative.

The determination is aimed astatine granting extortion to the MSME (micro, tiny and mean enterprises) producers against dumped goods from China.

In planetary commercialized parlance, dumping happens erstwhile a state oregon a steadfast exports an point astatine a terms little than the terms of that merchandise successful the targeted market.

The work is imposed lone aft a thorough probe by a quasi-judicial body, specified arsenic the DGTR, successful India. It is aimed astatine ensuring just commercialized practices and creating a level-playing tract for home producers.

In different notification, the DGTR has recommended anti-dumping work of up to USD 664 per tonne connected imports of 'textured tempered glass' from China and Vietnam.