EU slaps anti-dumping duty on Indian optical fibre cable manufacturers
European Commission has slapped 8-11.4% anti-dumping duty on Indian optical fibre cable (OFC) manufacturers including Sterlite Technologies, Birla Cables, Universal Cables, Vindhya Telelinks and others who were exporting OFC to Europe.
After a six-month long investigation, including being physically present at the factory premises of these companies, the Commission, last week decided to levy the duty on as many as ten companies, barring HFCL which was found to be following fair business practices.
Sterlite Technologies Ltd and its subsidiary Sterlite Tech Cables Solutions Ltd are facing the highest levy of 11.4%, followed by Birla Cables, Universal Cables and Vindhya Telelinks who are facing a duty of 8.7%.
Whereas other associated companies including ZTT India, UM Cables, Aksh Optifibre, Apar Industries, Polycab India and Aberdare Technologies have been hit by a penalty of 9.9%, according to a notification by the Commission dated 14 June.
ET could not reach all companies for comment before press time on Monday.
The notification also said that anti-dumping duties are not applicable to “producers of the HFCL Group, consisting of HFCL Limited and HTL Limited for which no dumping was established.”
“Dumping is established in two scenarios, one, when any producer is selling the exports below its cost of production or second, if it is selling at a price lower than the home country,” said Mahendra Nahata, managing director at HFCL. “Both scenarios are detrimental trade practices and after a six-month long
