Trade Remedies
TPM has been the premier go-to firm in the domain of trade remedies for more than two decades. The trade remedial practice is the cornerstone of TPM, and the team takes pride in being one of the most experienced firm globally, with more than 700 investigations in India and abroad.
The TPM team holds expertise in assisting the Indian producers seeking remedy against imports as it has handled the largest number of cases representing the domestic industry in India. The professionals at TPM have experience of working with industries ranging from Chemicals, Rubber, Pharma, Petrochemicals, Rubber and Machinery; as well as the small-scale or MSME sector. TPM team provides 360o support by hand holding the clients throughout the investigations, from the stage of compiling data, evaluating merits, filing application, pursuing the application with the authorities, representing the clients through the investigation, interacting with the authorities upto the stage of imposition of duty by the Ministry of Finance. It also provides services to producers in other countries, seeking remedy from dumped imports into their country. It is a one stop solution provider in the field of trade remedies.
Apart from the domestic industry, TPM has also represented manufacturers and exporters from all over the globe in trade remedial measures in various jurisdictions including USA, European Union, GCC, Turkey, Brazil, Indonesia, Canada, Egypt, Argentina, amongst others. Its rich experience and in-depth knowledge in the field makes it a preferred choice of manufacturers, seeking trade remedies as well as exporters, facing investigations in other countries.
Anti- Dumping
An Anti-dumping duty (ADD) is imposed against unfair (or dumped) imports into India to remedy the injury caused to Indian producers. In India, an investigation is carried out by the Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industries and thereafter, the duty recommended imposed by the Ministry of Finance through Custom Notifications.
TPM has experience of representing producers, exporters and importers in India and in multiple jurisdictions outside India. TPM assists clients from pre-investigation advisory, to all aspects and stages of the investigation.
Anti- Subsidy
Anti-subsidy duty, also known as countervailing duty (CVD), is imposed to counter the subsidization by foreign governments that lead to cheaper unfair imports that cause injury to the Indian producers.
TPM has the most effective team with an exemplary record in anti-subsidy investigations in India, with experience of numerous successful investigations at the DGTR, a record that only TPM can claim. It also holds the distinction of having represented the domestic industry in the first successful anti-subsidy investigation in India.
TPM has also represented Indian exporters as well as the Government of India in anti-subsidy investigations carried out by Authorities in other countries.
Safeguard
Safeguard measures are emergency provisions imposed against a sudden increase in imports. Safeguard measures may take the form of safeguard duties, quantitative restrictions and tariff quotas.
Post reorganisation of Departments under Ministry of Commerce and Ministry of Finance in 2018, investigations for imposition of Safeguard measures are also conducted by the DGTR.
TPM has represented the Indian industry in a number of safeguard investigations in India. It has also represented the domestic industry in the first investigation for imposition of quantitative restrictions in India. It provides end-to-end services in the field, from preliminary advisory till successful imposition of measures.