China will continue imposing anti-dumping duties on single-mode optical fibre imports from India for another five years starting on Friday, the commerce ministry said on Thursday.
The decision follows a sunset review initiated a year ago, which concluded that terminating the anti-dumping measures could lead to the continuation or recurrence of dumping and harm to China’s domestic optical fibre industry.
The tax rates will remain unchanged from previous rulings, ranging between 7.4% and 30.6% across different Indian exporters, including Sterlite Technologies (STTE.NS), opens new tab with 7.4% rate and Aksh Optifibre (AKSO.NS), opens new tab and Finolex Cables (FNXC.NS), opens new tab both get 30.6%.
China first implemented anti-dumping duties on Indian single-mode optical fibre in August 2014 and extended them for five years in 2020.
