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The Ministry of Finance imposed countervailing duties on Digital Offset Printing Plates originating from or exported from China PR and Taiwan following DGTR's final findings of subsidized exports causing threat of material injury to domestic industry. CVD rates vary by producer, ranging from NIL to USD 1.16 per square meter for Chinese producers and USD 0.21 per square meter for Taiwanese producers. The duties apply to goods under multiple tariff headings and exclude waterless CtP plates for specialized printing. Complex adjustment mechanisms account for existing anti-dumping duties to prevent over-collection. The CVD remains effective for five years unless revoked earlier, with payments required in Indian currency at prevailing exchange rates determined under section 14 of the Customs Act, 1962.
The Ministry of Finance imposed countervailing duties on Digital Offset Printing Plates originating from or exported from China PR and Taiwan following DGTR's final findings of subsidized exports causing threat of material injury to domestic industry. CVD rates vary by producer, ranging from NIL to USD 1.16 per square meter for Chinese producers and USD 0.21 per square meter for Taiwanese producers. The duties apply to goods under multiple tariff headings and exclude waterless CtP plates for specialized printing. Complex adjustment mechanisms account for existing anti-dumping duties to prevent over-collection. The CVD remains effective for five years unless revoked earlier, with payments required in Indian currency at prevailing exchange rates determined under section 14 of the Customs Act, 1962.
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