Ministry imposes anti-dumping duty on steel tools from China & Korea for 5 years. Varying rates based on type. CIF value used for calculation.

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Full Text of the Document

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....The Ministry of Finance imposed anti-dumping duty on alloy steel chisel/tool and hydraulic rock breaker from China PR and Korea RP. The duty is based on findings that these goods were exported below normal value, causing injury to the domestic industry. The duty rates vary for different producers and types of goods. The duty applies to specific assemblies/sub-assemblies of hydraulic rock breakers and alloy steel chisels. The duty is effective for five years. CIF value is used for duty calculation, and the rate of exchange is determined at the bill of entry presentation. This notification aims to address dumping practices and protect the domestic industry.....