USFDA19 Mar 2025, 06:36 pm
Cosmo Ferrites Ltd.: Anti-Dumping Duty of up to 35% Imposed on Soft Ferrite Cores from China
AI Summary
Cosmo Ferrites Ltd. has informed about the initiation of an Anti-Dumping Investigation by the Directorate General of Trade Remedies, Ministry of Commerce and Industry concerning imports of ‘Soft Ferrite Cores’ originating in or exported from China. The Central Government has issued a gazette notification imposing an ‘Anti-Dumping Duty of up to 35%’ on import of soft ferrites cores from China and/or of Chinese origin. This is expected to enable higher capacity utilization and improved operating margins per unit for Cosmo Ferrites Ltd.
Key Highlights
- Cosmo Ferrites Ltd. informs about the initiation of an Anti-Dumping Investigation by the Directorate General of Trade Remedies, Ministry of Commerce and Industry concerning imports of ‘Soft Ferrite Cores’ originating in or exported from China.
- The Central Government has issued a gazette notification imposing an ‘Anti-Dumping Duty of up to 35%’ on import of soft ferrites cores from China and/or of Chinese origin.
- This is expected to enable higher capacity utilization and improved operating margins per unit for Cosmo Ferrites Ltd.
- The investigation and subsequent duty imposition are related to the USFDA category.
- The anti-dumping duty is imposed for a period of five years.