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Vietnam’s plastic molding machines subject to Indian anti-dumping tariff

Vietnam’s plastic molding machines subject to Indian anti-dumping tariff

Tuesday, March 01, 2016, 11:49 GMT+7

The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade said on Monday that India is slapping a 23.15 percent tax on plastic molding machines made by Vietnamese manufacturers.

On January 7, India first announced that an anti-dumping tax of at least 23 percent would be imposed on injection molding machines imported from Vietnam and three other markets.

The final decision was made by India’s Directorate General of Anti-Dumping and Allied Duties (DGADs) after a thorough investigation on a number of machinery manufacturers from Taiwan, the Philippines, Malaysia, and Vietnam from April 2013 to March 2014.

This latest decision by India will impose anti-dumping duties for the next five years on imports from Taiwan (27.98 percent), Vietnam (23.15 percent), Malaysia (44.74 percent) and the Philippines (30.85 percent).

Two Taiwan-based manufacturers will enjoy a favorable tariff of 0-6.06 percent for submitting complete financial information to prove their cases.

In the case of Vietnam, the duty is lower than the dumping margins of 40 to 50 percent according to the investigations’ conclusions made on December 29, 2015.

The damage to India’s domestic machinery industry due to dumped imports from Asian manufacturers was counted in the period from 2010 to 2014.

A report prepared by the Indian government recorded a drop of 1,100 machines in the domestic injection press market over the course of five years.

Vietnamese experts say, however, that Vietnam has yet to manufacture such machinery domestically, so this may be a case of other countries taking advantage of Vietnam’s certificate of origin (C/O) for tax avoidance.

A certificate of origin is a document used in international trade certified by a recognized issuing body, attesting that the goods in a particular export shipment have been produced, manufactured or processed in a particular country.

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