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NRIPage | Articles | India Launches Probe Into Alleged Dumping of LNG Fuel Tanks from China | Get Latest NRI News & Updates. Latest News & Updates for NRIs Worldwide - NRI Page
India has started a probe into the alleged dumping of liquefied natural gas (LNG) fuel tanks from China, following a complaint by domestic company Inox India Ltd. The company has requested the imposition of anti-dumping duties, claiming that the influx of cheap imports is negatively affecting the profit margins of the domestic industry. These LNG fuel tanks are used for transporting methane gas in vehicles like trucks.
The Directorate General of Trade Remedies (DGTR), which handles such investigations, has initiated a probe based on the application and evidence provided by Inox India. If the investigation confirms that these imports are indeed harming domestic producers, the DGTR will recommend imposing an anti-dumping duty on the Chinese imports. The final decision on this matter will be made by the finance ministry.
Anti-dumping measures are used by countries to protect their domestic industries from unfair competition caused by cheap foreign imports. India has previously imposed such duties on products from several countries, including China, as part of its effort to maintain a fair trade environment.
In the 2023-24 fiscal year, imports of LNG fuel tanks amounted to $93.6 million, with $42.7 million worth of tanks imported in the first half of the current fiscal year.
