Asahi India: New Import Duties To Aid Domestic Players, Says ICICI Securities 
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Asahi India: New Import Duties To Aid Domestic Players, Says ICICI Securities 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Asahi India Glass Ltd. along with a consortium of glass manufacturers filed for the imposition of countervailing (CVD)/anti-subsidy duty on the import of ‘clear float glass’ from Malaysia with the designated authority.

The conclusion of the investigation has led to the imposition of more than 10% additional CVD on key Malaysian exporters.

This action coupled with the earlier renewed anti-dumping duty could effectively lead to a price increase of imports into India by approximately 19-34% (assuming other costs are stable).

Click on the attachment to read the full report:

ICICI Securities Asahi India Company Update.pdf

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