| Date: |
22-10-2011 |
| Subject: |
Dumping Duty on Chinese Chemical On The Cards |
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New Delhi: The government is likely to impose anti- dumping duty of up to $0.26 per kg on a chemical, mainly used by the pharma sector, to protect the domestic industry from Chinese shipments that may be below the normal cost of the product.
The Directorate General of Anti-Dumping and Allied Duties (DGAD), a nodal investigation agency under the commerce ministry, has found that Para nitroaniline is exported by China to India at a price below its normal value. DGAD said, “...the Authority recommends imposition of anti-dumping duty...to remove the injury to the domestic industry.”
It has recommended the imposition of the restrictive duty, which ranged from $0.09 to $0.26 per kg on the importsof Para nitroaniline from China.
However, a final call on the issue will be taken by the finance ministry, following which a formal notification will be made.
Acting on complaints from the domestic industry, DGAD had initiated a probe into the dumping of the chemical.
Source : financialexpress.com
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