Govt imposes duty on import of CD-Rs

NEW DELHI: The government has imposed a special duty on imports of compact discs-recordable (CD-Rs) from Iran, Thailand and Korea.

The Central Board of Excise and Customs, the apex body for indirect taxes, has notified the levy of anti-dumping duty which is an additional duty imposed on a product exported at a price lower than that in the exporting country and which causes injury to the local producers of the importing country. Duty levied is equivalent to the extent of dumping.
The government has imposed anti-dumping duty that ranges between $17.52 and $ 63.84 per 1,000 pieces on CD-Rs, the CBEC notification said.

The Directorate General of Anti-dumping and Allied Duties (DGAD) had recommended anti- dumping duty on import of the discs from Iran, Thailand, Korea, Malaysia, UAE and Vietnam.

The DGAD had found that the discs were being imported from these countries at below its normal value which was causing material injury to the domestic industry.