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India Starts Anti-subsidy Probe for Import of Aluminium Wire by Malaysia

Metal News - Published on Wed, 01 Jul 2020

Image Source: Aluminium Wire Import Malaysia
Indian government has initiated a probe into alleged subsidised exports of aluminium wires from Malaysia, which is impacting the domestic industry. Directorate General of Trade Remedies has started the probe to see if the subsidy programme of Malaysia for exports of 'Aluminium Wire/Wire Rods above 7 mm diameter' is impacting domestic industry. According to the notification of DGTR, on the basis of the prima facie evidence submitted by the domestic companies, the authority hereby initiates an investigation to determine the existence, degree and effect of alleged subsidies in respect of the goods being exported by Malaysia. If it is established that subsidies by Malaysia are impacting domestic industry, the DGTR would recommend the amount of countervailing duty, which if levied, would be adequate to remove the injury to the domestic industry.

The product is primarily used in electrical and steel industries. The period for investigation is from April 2019 to December 2019. However, it will cover the data of 2016-19.

Vedanta Ltd and Bharat Aluminium Company Ltd had filed an application before the DGTR for anti-subsidy investigation on these imports originating in or exported from Malaysia. The applicants had alleged that the subsidised imports from the country are causing material injury to domestic industry, and requested for imposition of countervailing duty on imports of these subsidised

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Posted By : Yogender Pancholi on Wed, 01 Jul 2020
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