New Delhi: India has launched a probe into alleged dumping of LNG fuel tanks from China following a complaint by a domestic company. The Directorate General of Trade Remedies (DGTR), the investigation arm of the Commerce Ministry, is probing the dumping of liquefied natural gas (LNG) fuel tanks, according to a Commerce Ministry notification. Its imports are allegedly causing injury to the domestic industry.
Inox India Limited has filed an application seeking imposition of anti-dumping duty. It says that the domestic industry is suffering losses due to cheap imports. These tanks are used to store and transport methane gas in large vehicles such as trucks.
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What does DGTR do?
The DGTR said in the notification that based on the application of the domestic industry and after being prima facie satisfied with the evidence presented by the domestic industry regarding dumping of the subject goods, the authority initiates anti-dumping investigation. If it is proved that domestic companies have suffered losses due to dumping, DGTR recommends imposition of anti-dumping duty on these imports.
Finance Ministry takes the final decision
The final decision on imposing duty is taken by the Finance Ministry. Anti-dumping investigations are conducted by various countries to find out whether domestic industries are being injured due to increase in cheap imports. India has already imposed anti-dumping duty on several products to counter cheap imports from various countries, including China. In the financial year 2023-24, the import of these tanks was 93.6 million US dollars. In the April-October period of the current financial year 2024-25, it has been $ 42.7 million.
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