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India initiates probe into alleged dumping of chemical
13 Dec '19
1 min read
Pic: Shutterstock
Following a probe launched by the Indian commerce ministry into alleged dumping of mono ethylene glycol originating in or exported from Kuwait, Oman, Saudi Arabia, the United Arab Emirates and Singapore based on a complaint by Reliance Industries, the country may impose anti-dumping duty on the chemical used in polyester fibres and films imported from there.
Reliance had filed an application on behalf of domestic industry before the Directorate General of Trade Remedies (DGTR) for the investigation. India Glycols Limited has also supported the application.
The probe will find out the existence, degree and effect of the alleged dumping, and the consequent impact on the domestic industry.
If it is established that dumping has caused material injury to the domestic industry, the directorate would recommend the amount of anti-dumping duty.
The period of investigation is January-September 2019. It would also look at the data of 2016-19.
Reliance had filed an application on behalf of domestic industry before the Directorate General of Trade Remedies (DGTR) for the investigation. India Glycols Limited has also supported the application.
The probe will find out the existence, degree and effect of the alleged dumping, and the consequent impact on the domestic industry.
If it is established that dumping has caused material injury to the domestic industry, the directorate would recommend the amount of anti-dumping duty.
The period of investigation is January-September 2019. It would also look at the data of 2016-19.
Fibre2Fashion News Desk (DS)
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