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Stock advisory Company, DGAD begins probe on imports of coated paper
The DGAD has said there is no investigation into imports from Indonesia and Korea
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Allegations of dumping concerning imports of coated paper from China, the European Union, and the US are being looked into by the Directorate General of Anti-Dumping & Allied Duties (DGAD). Of the paper and paperboard imports, which crossed 1.049 million tonnes, around 60 percent is coated paper. The DGAD's investigation comes on a petition filed by the Indian Paper Manufacturers Association.
“The Authority hereby initiates an investigation into the alleged dumping, and consequent injury to the domestic industry ...,” according to the DGAD notification.
The product under consideration is used primarily for printing magazines, catalogs, books and manuals, calendars, brochures, labels, flexible packaging, etc. The weight of the coated paper is 40-350 gm per square meter.
Welcoming the development, Rohit Pandit, secretary general, Indian Paper Manufacturers Association, urged the government to expeditiously impose anti-dumping/safeguard duties on imports of paper and paperboard.
The pulp and paper industry had made substantial investments in the past five years, he said, and it was becoming very difficult to meet its financial obligations in view of significant drops in margins.
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