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US mulls anti-dumping duty on Indian rubber tape companies

The US Commerce Department has made a preliminary ruling that companies in India are dumping rubber tape products on the American market.

In a decision announced on Wednesday, the department said it calculated a dumping margin of 62.01 per cent for Garware Elastomerics Limited. And for all other Indian companies.

The department said that US imports of the products -- elastic rubber tape -- from India amounted to $ 646,221 from January to March 1998.

A product is considered dumped if it is sold below the cost of production or below the price the good is sold for in the home market or a third-country market.

If the department makes a final determination that the rubber tape is being dumped and if the US International Trade Commission makes a final determination that the imports injured or threatened injury to a US company, then anti-dumping duties equal to the dumping margin would be imposed.

The dumping margin is equal to the difference between the dumped price and what the commerce department determines to be the fair value.

A final commerce department decision is set for April 12. Also on that day, the department is scheduled to make a final determination in a parallel countervailing duties case concerning alleged government subsidies to the Indian rubber tape. The department found zero subsidies in its preliminary determination.

UNI

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