New Delhi: With rise in its working standards,the directorate general of antidumping has issued final findings in as many as 18 cases during the current fiscal so far, the Commerce Ministry today said.
Directorate General of Antidumping and Allied Duties (DGAD) is an investigative arm of the Ministry.
"DGAD has continuously raised its working standards, which are reflected in the record number of 51 cases of findings issued by in 2015-16. In 2016-17, DGAD has already issued 18 cases of final findings and 3 cases of preliminary findings," the Ministry said in a statement.
Further to enhance its standards, Commerce Secretary Rita Teaotia today launched a more informative, user-friendly, dedicated website for DGAD.
She also inaugurated the additional office space developed by NBCC to meet the requirements of increased work responsibilities and to ensure optimal functioning of the directorate.
While DGAD recommends the duty to be levied, the Finance Ministry notifies it.
Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multilateral WTO regime.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They do not restrict imports or cause an unjustified increase in cost of products....