Government plans duty on auto component importsMay 5th, 2009 - 4:14 pm ICT by IANS
New Delhi, May 5 (IANS) The government is considering imposing safeguards duty and anti-dumping measures on cheap imports of auto components, a senior official said here Tuesday.
“The industry has approached the government as it is worried about cheap auto component imports that can harm the sector,” Surajit Mitra, additional secretary at the Department of Heavy Industries, said.
He added that the government was reviewing data and would consider either imposing safeguard duties or resorting to anti-dumping measures in the long-run.
Whatever measures the government takes will be in compliance with the norms of the World Trade Organisation (WTO). “According to WTO rules, the government has the option to impose duties and regulations if there is a surge in cheap imports,” Mitra said.
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