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Govt raised Rs 765.37 cr from anti-dumping duty till Nov 27: Piyush Goyal

“The basic intent of anti-dumping measures is to eliminate injury caused to the domestic industry by the unfair trade practice of dumping and to create a level playing field for the domestic industry,” commerce and industry minister Piyush Goyal told Lok Sabha. In a separate reply, he said the government will use all available instruments in the national interest, as and when necessary.

, ET Bureau|
Dec 04, 2019, 06.05 PM IST
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Government will use all available instruments in the National interest, as and when necessary, Goyal said.
NEW DELHI: The government raised Rs 765.37 crore through anti-dumping duties in the first eight months of the fiscal year, the government told Parliament on Wednesday. In 2018-19, it raised Rs 1,307.35 crore through such duties.

“The basic intent of anti-dumping measures is to eliminate injury caused to the domestic industry by the unfair trade practice of dumping and to create a level playing field for the domestic industry,” commerce and industry minister Piyush Goyal told Lok Sabha.

In a separate reply, he said the government will use all available instruments in the national interest, as and when necessary.

“Following surge in imports and threat of serious material injury to domestic industry, government has increased customs duty by 5% on imports of refined bleached deodorized palmolein and palm oil into India from Malaysia for a period of 180 days from September 4,” he said in reply to a question on import of palm oil.

Import of palm oil happens mainly from ASEAN countries such as Indonesia and Malaysia under the Free Trade Agreements. The duty was increased under India-Malaysia CECA (Bilateral Safeguard Measures) Rules.

“On similar lines, government will use all available instruments in the National interest, as and when necessary,” he said.

In another reply to a question on edible oil imports, he said the import of crude edible oil had a negative growth of 14.17% in 2018-19 over 2017-18 and negative growth of 18.82% in 2019-20 (Apr-Sept) as compared with corresponding period of the previous year.

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