Govt to amend rules of trade remedies

In order to protect the interests of domestic industry in case of dumping of goods, significant jump in imports or subsidized imports, government will make changes in the rules of trade remedies such as antidumping, countervailing or anti-subsidy and safeguard. 

The government is planning to remove lesser duty rules (LDR). This will allow Indian investigating authorities to impose anti-dumping and countervailing duty to the full extent of dumping and subsidy margins, respectively. Tariff rate quota will also be introduced in the safeguard rules, providing greater flexibility to the government in operating safeguard mechanism. Further, the government will bring in anti-circumvention provision in the CVD (countervailing duty) rules to tackle the issue of circumvention by foreign producers or exporters availing subsidy.