<p>India has imposed anti-dumping duty on imports of electronic calculators from Malaysia for five years with a view to guard domestic players from cheap imports from that country.</p>.<p>After conducting a probe, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) had recommended anti-dumping duty on electronic calculators from Malaysia.</p>.<p>"The anti-dumping duty imposed (USD 0.92 per piece)...shall be effective for a period of five years (unless revoked, amended or superseded earlier)," the department of revenue has said in a notification.</p>.<p>In its findings of the probe, the DGTR had concluded that the product has been </p>.<p>exported to India from Malaysia below its associated normal value, which is amounting to dumping and the domestic industry has suffered material injury due to the dumping.</p>.<p>While DGTR recommends the duty, the finance ministry will take the final call to impose the same.</p>.<p>Ajanta LLP had filed the application for imposition of anti-dumping duty on imports from Malaysia.</p>.<p>Malaysia is a key trading partner of India in the Southeast Asian region.</p>.<p>The bilateral trade between the countries increased to USD 17.25 billion in 2018-19 from USD 14.71 billion in 2017-18.</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 importing 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>The imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime.</p>.<p>India and Malaysia are members of this Geneva-based multi-lateral body.</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 imports of electronic calculators from Malaysia for five years with a view to guard domestic players from cheap imports from that country.</p>.<p>After conducting a probe, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) had recommended anti-dumping duty on electronic calculators from Malaysia.</p>.<p>"The anti-dumping duty imposed (USD 0.92 per piece)...shall be effective for a period of five years (unless revoked, amended or superseded earlier)," the department of revenue has said in a notification.</p>.<p>In its findings of the probe, the DGTR had concluded that the product has been </p>.<p>exported to India from Malaysia below its associated normal value, which is amounting to dumping and the domestic industry has suffered material injury due to the dumping.</p>.<p>While DGTR recommends the duty, the finance ministry will take the final call to impose the same.</p>.<p>Ajanta LLP had filed the application for imposition of anti-dumping duty on imports from Malaysia.</p>.<p>Malaysia is a key trading partner of India in the Southeast Asian region.</p>.<p>The bilateral trade between the countries increased to USD 17.25 billion in 2018-19 from USD 14.71 billion in 2017-18.</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 importing 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>The imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime.</p>.<p>India and Malaysia are members of this Geneva-based multi-lateral body.</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>