Tiles stocks gain after Govt imposes anti-dumping duty

(Image: www.indiainfoline.com)

Tile stock on the NSE, Murudeshwar Ceramics and Kajaria Ceramics have gained as much as 2% and 1%, respectively at 1118 hours, as the government imposed anti-dumping duty on Chinese ceramic items.

The government on Wednesday imposed anti-dumping duty on import of ceramic table and kitchenware items from China to protect domestic industry against goods being sold at below normal value.

“The anti-dumping duty imposed shall be levied for a period not exceeding six months (unless revoked, amended or superseded earlier),” the Department of Revenue in the finance ministry issued a notification.

The Directorate General of Anti-Dumping and Allied Duties (DGAD) in its findings recommended imposition of provisional anti-dumping duty in order to reduce the losses of the domestic industry.

(Source: www.indiainfoline.com)

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