The Finance Ministry has imposed definitive anti-dumping duty on new Chinese radial tyres (including tubeless) used in buses and lorries/trucks.
This anti-dumping duty, unless revoked earlier, will be valid for a period of five years.
Automotive Tyre Manufacturers' (ATMA) had filed the petition on behalf of Apollo Tyres Ltd, J.K.Tyre Industries Ltd and Ceat Ltd.
Based on the recommendations of the Designated Authority in the Commerce Ministry, the revenue department has now imposed definitive anti-dumping duty that ranged from $ 245.35 per tonne to $ 452.33 per tonne, depending on the producer and exporter from China.
Srivats.kr@thehindu.co.in