Heeding to demands from Russia, the government has decided to make applicable anti-dumping investigation norms for declaring a country as not operating on market principles to all countries instead of limiting it to 17 nations including China and Russia. The list of 17 countries which included Russia, China, North Korea, Mongolia and some CIS countries has now been replaced with a more `generic` format under which any country can be regarded by India as non-market if it is not operating on market conditions.
In this regard, the department of revenue issued a notification recently making amendments in the customs tariff (identification assessment and collection of anti-dumping on dumped articles and for determination of injury) rules.
Under the new rules, the term `non-market economy country` would now mean any country, which the designated authority determines as not operating on market principles of cost or pricing structures so that sales of merchandise on such country do not reflect the fair value of the merchandise. Russia had objected to being regarded as a non-market economy by India and sought revision. However, New Delhi responded by deciding not to isolate a particular set of countries including Moscow and instead extending it to all nations.
The change in the rules was conveyed to Russia during a recent meeting of Russian officials with their counterparts in the commerce and industry ministry. Bureau Report