India extends AD duty on caustic soda from China & S Korea
18 Aug 20 1 min read
"...the anti-dumping duty imposed under this notification, with respect to China and Korea, shall remain in force up to and inclusive of the 17th November, 2020, unless revoked, superseded or amended earlier," the department of revenue said in a notification.
The anti-dumping duty on caustic soda imports from China and South Korea was first imposed on August 18, 2015. It was to end on August 17, 2020 after a period of five years. Now, it has been extended till November 17, 2020.
AD duty is aimed at creating a level-playing field for domestic producers vis-à-vis manufacturers and exporters from other countries.
Caustic soda, otherwise known as sodium hydroxide, is a chemical that is widely used in the textile industry for scouring, mercerisation and dyeing, which are integral parts of the textile manufacturing process.
Fibre2Fashion News Desk (RKS)
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