Anti-Dumping Measures on Chinese Laser Machines Unveil New Avenues for Growth
In an effort to shield Indian manufacturing, the Indian government has recently introduced a comprehensive Anti-dumping law aimed at regulating the import of laser machines from China. The Finance Ministry has, in response, enforced a definitive anti-dumping duty on specific Chinese industrial laser machines designed for cutting, marking, or welding purposes. This duty, effective from December 22, 2023, is set to endure for a five-year period. The duty rates vary, ranging from 24.66% to 147.2% of the Cost, Insurance, and Freight (CIF), contingent on the producer.
Before delving into the intricacies of this new anti-dumping law, let's first explore the practical applications of these laser machines. Widely employed across diverse industries such as electronics, automotive, medical, HVAC...