Taking cues from the rising imports of cheap stainless steel products and radial tyres from China, Indian authorities have finally slapped anti-dumping duty on Chinese companies to protect domestic industry. Central Board of Excise and Customs has imposed an anti-dumping duty of around $2254.7 per ton of steel products that are used for manufacturing refrigerators and automobile products. While tyre manufactures seems to be happy with this move, auto players are resenting it on the back of recession threats.
Wednesday, February 24, 2010
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