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of <h1>India Imposes Final Anti-Dumping Duty on Chinese Hard Ferrite Ring Magnets to Protect Domestic Industry Until 2004</h1> The Central Government of India has imposed a final anti-dumping duty on Hard Ferrite Ring Magnets imported from China, effective until May 3, 2004. This decision follows findings that these magnets were being sold in India below normal value, causing material injury to the domestic industry. The duty is calculated as the difference between a specified amount and the landed value per metric tonne of the imported magnets. This measure aims to prevent further financial harm to the Indian industry due to dumping practices. The duty will be paid in Indian currency, with specific provisions for exchange rate calculations.
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