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Govt mulls anti-dumping duty on chemicals from 5 nations
14
Jun '16
The Directorate General of Anti-Dumping and Allied Duties (DGAD) has recommended anti-dumping duty in the range of $83.08 per tonne to $168.76 per tonne on the import of a chemical, mainly used in textile and packaging industry, from five countries including China and Iran to protect domestic players.

The DGAD took up the investigation after MCC PTA India Corp and Reliance Industries Ltd (RIL) had jointly filed an application seeking anti-dumping probe.

In its final findings, the Directorate General of Anti-Dumping and Allied Duties (DGAD) said it has found that 'Purified Terephthalic Acid' has been exported to India from China, Iran, Indonesia, Malaysia and Taiwan below its normal value which has resulted in dumping.

The DGAD said that it considers it necessary to impose the duty on the imports.

"The authority recommends imposition of anti-dumping duty...So as to remove the injury to the domestic industry," it said in a notification.

While DGAD recommends the duty, the Finance Ministry imposes it.

Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multi-lateral WTO regime.

Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products. (SH)

Fibre2Fashion News Desk – India


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