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