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India to benefit from high shrimp duty on Vietnam

INDIA - In a fillip to the Indian marine industry, the US Department of Commerce (DoC) has maintained 25.76 per cent of anti-dumping duty on shrimp imports from Vietnam, which is higher than the duty on Indian exports.

The DoC had recently reduced the anti-dumping duty imposed on India to 7.22 per cent from 7.54 per cent. This gap will provide an advantage to the Indian exporters and to re-export shrimp from Vietnam.

Only two Vietnamese companies, Viet Hai Company and Grobest, will enjoy the benefit of 0 per cent tax rate according to the first administrative review. Earlier these companies had to pay 4.57 per cent.

Source: BusinessStandard

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