The Directorate General of Trade Remedies (DGTR), investigation arm of Ministry of Commerce and Industry (MOCI), has recommended imposition of a 10 per cent safeguard duty on single mode optical fibre, used for signal transmission, for one year.
To this end, DGTR has proposed a safeguard duty of 10 per cent ad valorem on cost, insurance, and freight (CIF) price on the imports from all countries with the exception of the developing countries. It added that import of these fibres from developing countries listed in an earlier customs notification of 2016, other than China, will not attract this duty.
The recommendation comes as DGTR found a significant surge in imports of the product. The probe conducted by DGTR follows an application filed by Sterlite Technologies Limited and Birla Furukawa Fibre Optics. Further, the directorate, in its probe, concluded that the product is being imported into lndia in such increased quantities that it can cause serious injury to the domestic manufacturers.
The final decision to impose duty is yet to be taken by the Ministry of Finance.