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The Finance Ministry has imposed a definitive anti-dumping duty on ‘USB Flash Drives’ imported from China and Taiwan.
‘USB Flash Drives’ are data storage devices which use flash memory and USB (Universal Serial Bus) interface to interact with computers and other multimedia devices for data exchange.
They are popularly known in the market as pen drives. They are also available as keychain drives, key drives, USB sticks, flash sticks, memory keys and USB keys.
For ‘USB Flash Drives’ imported from China, the revenue department has imposed an anti-dumping duty of $ 3.12 per unit.
In the case of pen drives imported from Taiwan, the anti-dumping duty has been pegged at $ 3.06 per unit.
The anti-dumping duty will be valid for a period of five years.
This latest revenue department move comes five months after the designated authority in the Commerce Ministry had recommended imposition of anti-dumping duty on ‘USB Flash Drive’ imports from China and Taiwan.
Storage Media Products Manufacturers & Marketers Welfare Association had filed the application on behalf of the domestic producers represented by Moser Baer India Ltd.
Moser Baer India is the sole producer of ‘USB Flash Drives’ in India.
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