Home / Knowledge / News / Textiles / India imposes anti-dumping duty on caustic soda import from Korea
India imposes anti-dumping duty on caustic soda import from Korea
07
Oct '11
In order to protect the domestic industry, the Government of India has imposed anti-dumping duty on import of caustic soda, used in the manufacturing of textiles and other items, from South Korea.

Import of the soapy, odourless chemical from South Korea will attract a duty of US$ 366 per dry metric ton (DMT), according to a notification issued by the Department of Revenue.

The anti-dumping levy has been made effective from October 3, 2011 and shall be applicable till December 25, 2013 unless otherwise revised.

The levying of anti-dumping duty was recommended by the Directorate General of Anti-Dumping and Allied Duties (DGAD) after a probe that concluded that a material injury has been caused to India's domestic industry due to the dumping of caustic soda by South Korea.

Anti-dumping probes are conducted to find out whether the country's domestic industry is hurt due to increasing imports from another country at lower rates. The multilateral World Trade Organisation (WTO) regime allows its members to impose duties as a counter measure to protect their domestic industries.

Anti-dumping duties are not levied in a uniform manner and vary from country to country and product to product.

DGAD is the officially designated authority in India for undertaking dumping related investigations, and it functions as a nodal agency under the Ministry of Commerce, on whose recommendation anti-dumping duty can be imposed by the Ministry of Finance.

Earlier in August this year, India had imposed anti-dumping duty on caustic soda originating in, or exported from, Thailand, Taiwan and Norway.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search