Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        Customs, DGFT & SEZ

        Trade Deficit between India and China

        February 4, 2019

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        Government of India has been taking continuous and sustained steps to bridge trade deficit by lowering the trade barriers for Indian exports to China. During the 11th session of India-China Joint Group on Economic Relations(JEG) held in New Delhi on 26 March 2018, the Trade Ministers of two countries   agreed to increasing bilateral trade between the two countries in a balanced and more sustainable manner. In this regard various meetings have been held with Chinese counterparts as a part of ongoing efforts to seek market access for various Indian agricultural products, animal feeds, oil seeds, milk and milk products, pharmaceutical products etc., in light of the potential of these products/services in the Chinese market. Also protocols have been signed to facilitate export of Indian rice, rapeseed meal, fishmeal – fish oil and tobacco leaves from India to China.

        The details of the imports from China during 2015-16, 2016-17, 2017-18 & 2018-19 (April-December)are given below: -

        Year

        Import (Value in USDMillion)

        2015-16

        61707.95

        2016-17

        61283.03

        2017-18

        76380.70

        2018-19 (upto December, 2018)*

        53878.06

        *Provisional (Source; DGCI&S)

        India has an elaborate and robust legal framework and institutional set up to protect its environment, life and health of its people, plants and animals.  All goods imported into India are subject to domestic laws, rules, orders, regulations, technical specifications, environment and safety norms that are notified from time to time. The Government takes appropriate action in case goods imported from any source are found to violate these regulations and threaten human, animal or plant life or health.

        In addition, trade defence measures like anti-dumping duty and countervailing duty, safeguard measures are enforced under the prescribed WTO provisions.Directorate General of Trade Remedies (DGTR) initiates anti-dumping investigations on the basis of a duly substantiated application filed by the domestic producer with a primafacie evidence of dumping of goods into the country causing injury to the domestic industry. Such applications submitted by domestic industry are processed as per the procedure and within the time limits specified under the Customs Tariff Act, 1975 and the rules made there under. DGTR conducts investigations and recommends imposition of duty, wherever appropriate, to the Department of Revenue by issuing its preliminary/final findings. Acting upon such recommendations of the DGTR, the Department of Revenue may impose the provisional or definitive duties.

        As on 28.01.2019, anti-dumping duty is in force on 99 products imported from China. The sector-wise details of these 99 products are given below:

        S.No.

        Product Category

        No. of cases in which duty is in force

        1.  

        Chemical and Petrochemicals

        40

        1.  

        Electrical and electronic items and accessories

        05

        1.  

        Fibres and Yarn

        08

        1.  

        Fibre Boards

        01

        1.  

        Glass and Glassware

        10

        1.  

        Machinery Items

        5

        1.  

        Pharmaceutical

        2

        1.  

        Rubber or Plastic products

        1

        1.  

        Steel and other metals

        11

        1.  

        Other Products

        16

         

        Total

        99

        This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in written replies in the Lok Sabha today.

        Anti-dumping measures used to address injurious imports from China, with duties in force across multiple sectors. Trade defence instruments-anti-dumping, countervailing and safeguard measures-are applied under WTO procedures; the DGTR investigates substantiated domestic producer applications, issues findings and recommends provisional or definitive duties to the Department of Revenue, which may impose duties. As of 28 January 2019, anti-dumping duties are in force on 99 products imported from China across multiple sectors.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Anti-dumping measures used to address injurious imports from China, with duties in force across multiple sectors.

                                Trade defence instruments-anti-dumping, countervailing and safeguard measures-are applied under WTO procedures; the DGTR investigates substantiated domestic producer applications, issues findings and recommends provisional or definitive duties to the Department of Revenue, which may impose duties. As of 28 January 2019, anti-dumping duties are in force on 99 products imported from China across multiple sectors.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found