Business

'Move to impose duty on pen drive imports may double price'

PNS

A proposal to slap anti-dumping duty on Chinese pen drives could lead to more than doubling of data storage device prices and encourage grey market trade, according to a section of domestic industry players. In its final findings, the Directorate General of Anti- dumping and Allied Duties (DGAD) has recently said USB flash drives (pen drives) have been exported from that country into the Indian market at prices less than their normal values.