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 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

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

Tony Ward
Tony Ward

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search