European Commission levies anti-dumping duty on optical fibre cables from India

News Snapshot:

The European Commission Directorate General for Trade has levied provisional anti-dumping duty - ranging between 8.7% and 11.4% - on nearly a dozen Indian optical fibre cable makers, while exempting imports from HFCL Ltd and its subsidiary HTL Ltd. According to an order issued on 14 June, a duty of 8.7% has been levied on exports from Birla Cable Ltd, Universal Cables Ltd and Vindhya Telelinks Ltd to the European Union. As per the order, Sterlite Technologies and Sterlite Tech Cables Solutions Ltd will incur 11.4% duties on their exports while a 9.9% duty has been levied on Aberdare Technologies...