Concerned over surge in imports, particularly from China, India has slapped anti-dumping duty on several stainless steel products and radial tyres. The Central Board of Excise and Customs has imposed anti-dumping duty of up to $2,254.69 a tonne on steel products, used mainly for making durables like refrigerators and also in automobile and kitchenware industries.
The tyre makers seemed pleased with the dumping duty of up to $99.05 per a set of bus and truck radial tyres (including tubeless) from China and Thailand.
