<p>The restrictive duty, which would range from USD 28.49 per tonne to 323.5 per tonne, was imposed on the recommendation of the Directorate General of Anti-Dumping and Allied Duties (DGAD), a notification by the Central Board of Excise and Customs (CBEC) said.<br /><br />The DGAD, under the commerce ministry, had found that due to imports of the product from the three nations, the domestic industry suffered "material injury," it said.<br /><br />The CBEC in the Department of Revenue has imposed the duty for a period of five years.<br />While the Commerce Ministry recommends the duty, the Finance Ministry imposes it.<br /><br />Purpose of anti-dumping duty, a WTO compatible tool, is to counteract trade distortions due to cheap imports and the consequential injury to the domestic industry.The principle of anti-dumping duty is to prevent dumping and to ensure fair trading practice and to create a level playing field for the domestic producers vis-a-vis foreign producers and exporters resorting to dumping.</p>
<p>The restrictive duty, which would range from USD 28.49 per tonne to 323.5 per tonne, was imposed on the recommendation of the Directorate General of Anti-Dumping and Allied Duties (DGAD), a notification by the Central Board of Excise and Customs (CBEC) said.<br /><br />The DGAD, under the commerce ministry, had found that due to imports of the product from the three nations, the domestic industry suffered "material injury," it said.<br /><br />The CBEC in the Department of Revenue has imposed the duty for a period of five years.<br />While the Commerce Ministry recommends the duty, the Finance Ministry imposes it.<br /><br />Purpose of anti-dumping duty, a WTO compatible tool, is to counteract trade distortions due to cheap imports and the consequential injury to the domestic industry.The principle of anti-dumping duty is to prevent dumping and to ensure fair trading practice and to create a level playing field for the domestic producers vis-a-vis foreign producers and exporters resorting to dumping.</p>