HFCL Exempted from Anti-Dumping Duties by European Commission

HFCL Ltd, a leading technology enterprise, has been exempted from anti-dumping duties by the European Commission on export of Optical Fiber Cables (OFC) to European countries. This decision, made on 14th June, 2024, follows a half-a-year long investigation by the European Commission on Indian OFC manufacturers for dumping in European market. HFCL is the only Indian Optical Fiber Cable manufacturer to have been exempted from anti-dumping duties. The investigation was initiated based on a complaint lodged by Europacable on behalf of the European industry of optical fiber cables, alleging that imports of OFC from India were being dumped and causing injury to the European industry. After a thorough investigation, the European Commission ruled that no evidence of dumping was found for HFCL's products.