Union Government imposes Anti-dumping duty on graphite electrodes imports

Union Ministry of Finance has imposed an anti-dumping duty on imports of graphite electrodes used in steel plants for five years. The imposed duty ranges between $278.19 and $922.03 per tonne. The decision was taken following the recommendations of the Directorate General of Anti-Dumping Duty (DGAD).
Anti-Dumping Duty
•It is duty imposed by government on imported products which have prices less than their normal values or domestic price.
•Usually countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports.
•Anti-Dumping Duty is imposed under the multilateral WTO regime and vary from product to product and from country to country.
•In India, anti-dumping duty is recommended by the Union Ministry of Commerce, while the Union Finance Ministry imposes it.

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