DGAD proposes high Anti-dumping Duty on USBs
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Directorate General Of Anti-Dumping & Allied Duties (DGAD) has released an investigation report that puts across a proposal for an Anti-dumping Duty @$3.12 (Rs 199.01) per piece and @$3.06 (Rs 195.18) per piece irrespective of capacity of USB flash drives manufactured in China and Taiwan respectively. The report will be presented before the Finance Minister and once his approval is taken, it is expected to become a law in a week or two. At current prices of 4GB and 8GB products this duty represents apex 125% to 140% over the FOB or freight on board prices. The anti-dumping investigation was initiated on the basis of data submitted by Moser Baer solely represented as Domestic Industry. The investigating period was 2012. During the investigation period, the domestic industry had 4.9 Mu as published in public reports that represents 5% market segment share and 15% of total capacity. That means, if Moser Baer sold off its entir...