Finance ministry reportedly rejects DGTR’s recommendation to levy safeguard duty on optical fibre imports

The Ministry of Finance (MoF) has reportedly rejected the Directorate General of Trade Remedies’ (DGTR) recommendation to levy a 10 per cent safeguard duty on imports of single-mode optical fibre.

According to industry sources, the government said that the centre examined the recommendation of the DGTR and decided not to impose the safeguard measure.

Earlier, in 2019, domestic companies such as STL and Birla Furukawa Fibre Optics had sought investigations by the DGTR, claiming that affordable imports were hurting the homegrown fibre cable industry.