Financial Daily from THE HINDU group of publications
Sunday, May 19, 2002
Financial Daily from THE HINDU group of publications Sunday, May 19, 2002 |
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Anti-dumping Industry & Economy - Anti-dumping Info-Tech - Hardware EU dumping probe on CD-Rs from India M.R. Subramani
CHENNAI, May 18 THE European Union (EU) has launched anti-dumping and anti-subsidy proceedings against yet another product from India. Coming under the EU scrutiny this time are compact disks-recordable (CD-R) that are optical storage WORM (write once read many) on which music or data can be stored. In a notification issued on Friday night, the EU said the anti-dumping and anti-subsidy probes were being launched after the European Community's advisory community found sufficient evidence. The initiation of the proceedings follows a complaint lodged by the Committee of CD-R Manufacturers (CECMA). The EU said as per CECMA's complaint, the dumping margin calculated was significant. "The complainant has provided evidence that imports of the product concerned from India have increased overall in absolute terms and in terms of market share. It is alleged that the volumes and the prices of the imported product concerned have, among other consequences, had a negative impact on the market share held, the quantities sold and the level of prices charged by the community industry resulting in adverse effects ... ," the EU notification said. As far as the anti-subsidy proceeding is concerned, CECMA has charged that the Indian CD-R producers had benefited from "a number of subsidies granted by the Government." Subsidies were alleged to have been doled out through the duty entitlement pass book (DEPB) scheme, duty exemption for units located in export processing zones/electronic hardware/software technology parks, income-tax exemptions, advance licence and export promotion capital goods (EPCG) schemes. It is for the first time that the electronic hardware/software technology parks and advance licence scheme are coming under anti-subsidy proceedings. The EU has already slapped anti-subsidy duties on products such as antibiotics, polyethylene terephthalate (PET), its film, polyester texturised filament yarn (PTY), stainless steel (SS) bars, SS wires, hot rolled (HR) steel coils and sulphanilic acid finding fault with EPZ/EOU, DEPB and EPCG schemes besides income tax exemption. The EU has already initiated anti-dumping proceedings against magnetic disks imports from the country. The EU has so far slapped anti-dumping levy on PET, its film, PTY, polyester staple fibre, potassium permanganate, SS wire, HR steel coils, steel quarto plates, steel ropes and cables, sulphanilic acid, synthetic fibe ropes, antibiotics and polypropylene ethylene sacks and bags.
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