India extends anti-dumping duty on Chinese tire presses
12 Mar 2015
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New Delhi - India has extended its anti-dumping duty on tire curing presses – except certain presses for curing bicycle tires – originating in or exported from China, according to a 3 March notification by the department of revenue at India's ministry of finance.
This preliminary decision was made after an investigation following a ‘sunset review’ request filed by Larsen and Toubro Ltd, India's major producer of tire curing machinery.
Such duty, at a rate of 10 percent of CIF value, was first imposed in 2009 on all tire curing presses. The tariff was removed from ‘six day light curing press’ for curing bicycle tiresin 2012.
The duty will remain applicable until 7 Jan, 2016 unless revoked earlier, according to the department of revenue.
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