Profits were up at ITDL as the impact of domestic import tariffs kicked in.
Sales at Indian toners and Developers rose 18.18% to Rs 39.33 crore ($4.8 million / €4.7 million) in the quarter that ended September 2022 compared to the same period in 2021. Net profits also rose 7.16% to Rs 5.99 crore ($732,000/ €715,000).
In June 2020, Indian authorities imposed tariffs on monochrome toner powder imported from China, Malaysia and Taiwan following a complaint by India’s two leading toner manufacturers, Indian Toners and Developers Ltd and Pure Toners and Developers Pvt. Ltd.
The investigation found that over the period investigated; toner imported from China and Taiwan undercut the domestic market between 0% and 20%. In contrast, toner imported from Malaysia undercut the domestic market by between 40% and 60%.
The taxes vary from country to country, with tariffs for toner from Taiwan, $196 (€175) per metric tonne, China, $834 (€743) per metric tonne and Malaysia, $1,686 (€1,503) per metric tonne.
