SME Times is powered by   
Search News
Just in:   • Lesser chance of a future rate cut drags market lower  • Nomura raises target price for RIL to Rs 2,020  • Several schemes to push women entrepreneurship: Minister  • Ex-Petroleum Secy Chaturvedi appointed NSE Chairman  • Maruti Suzuki recalls 63,493 units of Ciaz, Ertiga, XL6 
Last updated: 20 Nov, 2019  

Exports.9.Thmb.jpg DGTR simplifies process to protect domestic industry

Exports.9.jpg
   Top Stories
» Several schemes to push women entrepreneurship: Minister
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"
» Forex reserves rise by $2.48 bn to over $451 bn
» RBI holds key lending rates, remains accommodative
» Goyal for making GeM more MSME-friendly
SME Times News Bureau | 20 Nov, 2019

Directorate General of Trade Remedies (DGTR has recently taken various measures to protect domestic industry from unfair trade practices.

Consequently, the number of anti-dumping duty cases has risen from 5 in 2016 to 25 up to 1st November 2019.

Further, the streamlining of anti-dumping investigation process has reduced the number of days taken for initiating investigation and has also led to a reduction in the number of cases.

This was facilitated due to trade notice number 03/2018 dated 1st February 2018 regarding streamlining of anti-dumping investigation process and scrutinizing of petitions.

Expeditious processing of applications has eliminated the need for domestic industry to update information and data. DGTR has, for the first time, initiated two cases of bilateral safeguards this year. 

No bilateral safeguard case has ever been initiated in the past.

There has been a reduction in the number of actual days taken to initiate investigations.

Average number of days taken for initiation of anti-dumping investigations during this year is 32 days as compared to 110 days during 2017 and 259 in 2016.

The steps taken by DGTR has provided a level playing field for domestic industry and the average number of days taken for initiation of countervailing duties (CVD) cases during 2019 was 66 days as compared to an average of 72 days in 2018.

The actual average number of days taken for initiation of global safeguards at present is 61 days as compared to the standard 75 days earlier.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 07 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
» MRF to set up a new plant in Gujarat(2)
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"(1)
» Forex reserves rise by $2.48 bn to over $451 bn(1)
» RBI holds key lending rates, remains accommodative(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter