U.S. Department of Commerce Sets Low Duties Against Import of OTR Tyres from India & Sri Lanka
By Ankit verma
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Updated: Sep 12th, 2023 at 5:31 pm
In a positive development for Indian and Sri Lankan tyre manufacturers, the U.S. Department of Commerce has issued relatively low countervailing duties against imports of OTR tyres from India and Sri Lanka and found no evidence of dumping against Indian OTR tyres. While the Sri Lankan OTR tyre importers were not investigated for dumping.
The countervailing duties were announced after a hearing dated 04.01.2017, before the International Trade Commission (ITC), where advocates and opponents of duties against pneumatic off-the-road tyres from India and Sri Lanka competed for their stand on this issue.
Titan International Inc. and the United Steelworkers union petitioned the ITC in January 2016 for relief, requesting formal investigations of OTR tyres from China, India and Sri Lanka under Sections 701 and 731 of the Trade Act. Chinese OTR tyre importers later were excused from the investigation, but the ITC and Deptt. of Commerce pursued countervailing duty investigations against both India and Sri Lanka and anti-dumping duty investigations against India.
Author: Ankit verma
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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