USFDA12 Jun 2025, 06:21 pm
Vindhya Telelinks Ltd. Hit with Definitive Countervailing Duty (CVD) on Optical Fibre Cables Exports to European Union
AI Summary
Vindhya Telelinks Ltd. has received communication from the European Commission regarding the implementation of Regulation (EU) 2025/1135, imposing a definitive Countervailing Duty (CVD) on imports of optical fibre cables originating in India. The CVD of 5.40% of CIF Union border price will be imposed on the exports of single mode optical fibre cables by the Company to European Union. The anti-dumping duty, which was earlier determined at 6.90%, has been reduced to 2.90% based on the Company's representation. Consequently, a combined CVD and anti-dumping duty of 8.30% will be imposed on the Company's exports of single mode optical fibre cables to European Union.
Key Highlights
- European Commission imposes definitive Countervailing Duty (CVD) on Vindhya Telelinks Ltd.'s optical fibre cables exports to European Union.
- CVD of 5.40% of CIF Union border price to be imposed on the Company's single mode optical fibre cables exports.
- Anti-dumping duty reduced from 6.90% to 2.90% based on the Company's representation.
- Combined CVD and anti-dumping duty of 8.30% to be imposed on the Company's single mode optical fibre cables exports to European Union.
- Communication received by the Company on 11th June, 2025 at 6.32 P.M. (IST)