India imposes 5-year anti-dumping tax on Vietnamese wood panels

Only 3 enterprises enjoy low tax rates from 10 - 15.95 USD/m3, the remaining enterprises are subject to anti-dumping tax rates of up to 63.99 USD/m3.

According to the Competition Management Department (Ministry of Industry and Trade), on May 5, the Directorate General of Anti-Dumping and Anti-Subsidy of India (DGAD) issued a final announcement on the anti-dumping investigation into wood panel products imported from Indonesia and Vietnam.

Vietnamese panel wood products are subject to anti-dumping tax by India.

In the announcement, DGAD said that 3 Vietnamese manufacturing/exporting enterprises participated in submitting questionnaires and fully cooperated, so the dumping margin calculated for 1 enterprise was 0 - 10% and the other 2 enterprises had a margin of 5 - 15%. In addition, DGAD concluded that the dumping margin for other enterprises of Indonesia and Vietnam was 55 - 65% and 40-50%, respectively.

At the same time, DGAD also determined that the domestic manufacturing industry had suffered significant damage caused by dumped imported products from the above-mentioned investigated countries.

Based on the above conclusions, DGAD decided to apply anti-dumping tax for a period of 5 years. According to the list provided by DGAD, there is 1 enterprise enjoying a tax rate below the minimum level, 2 enterprises have tax rates of 14.84 USD/m3 and 15.95 USD/m3 respectively.

In addition, the tax rates for other businesses in Indonesia and Vietnam are 64.35 USD/m3 for Indonesia and 63.99 USD/m3 for Vietnam.

India initiated an anti-dumping investigation on MDF (HS code 4411) following a lawsuit filed by Greenply Industries Ltd and Mangalam Timber Products Ltd. The products were investigated for the period from October 1, 2013 to September 30, 2014; the period for determining damage was from April 1, 2011 to September 30, 2014./.

According to VOV