<p>India has imposed anti-dumping duty on clear float glass, used in automobiles and refrigeration industries, from Malaysia for five years with an aim to guard domestic industry from cheap imports.</p>.<p>The duty was imposed after a recommendation was made by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).</p>.<p>"The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier)...and shall be paid in Indian currency," the department of revenue has said in a notification.</p>.<p>While DGTR recommends the duty, the finance ministry takes the final call to impose the same.</p>.<p>The duty imposed is in the range of USD 273 per tonne to USD 326 per tonne.</p>.<p>The glass has major uses in construction, refrigeration, mirror and automobile industries. It is a superior quality of glass.</p>.<p>Malaysia is a key trading partner of India in the Southeast Asian region.</p>.<p>In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.</p>.<p>Dumping impacts the price of that product in the exporting country, hitting margins and profits of manufacturing firms.</p>.<p>According to global trade norms, a country is allowed to impose tariffs on such dumped products to provide a level-playing field to domestic manufacturers. The duty is imposed only after a thorough investigation by a quasi-judicial body, such as DGTR, in India.</p>.<p>In its probe, the directorate has to conclude whether the dumped products are impacting domestic industries.</p>.<p>The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. </p>
<p>India has imposed anti-dumping duty on clear float glass, used in automobiles and refrigeration industries, from Malaysia for five years with an aim to guard domestic industry from cheap imports.</p>.<p>The duty was imposed after a recommendation was made by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).</p>.<p>"The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded or amended earlier)...and shall be paid in Indian currency," the department of revenue has said in a notification.</p>.<p>While DGTR recommends the duty, the finance ministry takes the final call to impose the same.</p>.<p>The duty imposed is in the range of USD 273 per tonne to USD 326 per tonne.</p>.<p>The glass has major uses in construction, refrigeration, mirror and automobile industries. It is a superior quality of glass.</p>.<p>Malaysia is a key trading partner of India in the Southeast Asian region.</p>.<p>In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.</p>.<p>Dumping impacts the price of that product in the exporting country, hitting margins and profits of manufacturing firms.</p>.<p>According to global trade norms, a country is allowed to impose tariffs on such dumped products to provide a level-playing field to domestic manufacturers. The duty is imposed only after a thorough investigation by a quasi-judicial body, such as DGTR, in India.</p>.<p>In its probe, the directorate has to conclude whether the dumped products are impacting domestic industries.</p>.<p>The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. </p>