India and Sri Lanka tire "double reverse"

2017-02-07 07:07:09 admin 54

On February 3, the US International Trade Commission (ITC) voted to impose anti-dumping and countervailing duties on OTR tires imported from India and Sri Lanka.

According to the ruling, some Indian OTR tire manufacturers will have to pay 3.36% of the anti-dumping duties.

BKT company because there is no evidence that the existence of anti-dumping, exempt from tax.

The US International Trade Commission also found that India's OTR tire manufacturers subsidy behavior, will pay countervailing duties.

The countervailing duty rate is 4.9% for Union Tire, 5.36% for BKT, and 5.06% for other OTR tire manufacturers.

In addition, Sri Lanka imported tires were also found to be subsidized. All OTR tire manufacturers in Sri Lanka will be subject to a 2.18% countervailing duty.

The data show that the United States of India and Sri Lanka's OTR tire "double reverse", the ruling was significantly lower than the tax rate of imports from China tires.