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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


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