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 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

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

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search