NEW DELHI: India is likely to impose antidumping duty of up to USD 8.55 per kg on Chinese imports of a chemical, used mainly by the pharma industry, to protect local manufacturers from below-cost shipments.
The Directorate-General of Antidumping and Allied Duties (DGAD) said it has established positive dumping margins as well as material injury to the domestic industry caused by the imports imports of the chemical from China, and recommended levy of antidumping duty between USD 4.16 to 8.55 per kg.
"The Authority considers it necessary to recommend imposition of definitive anti-dumping duty on imports of subject goods from the subject country for three years," the DGAD said in a notification, posted on its site today.
O Acid or Ofloxacin Acid is used in production of Ofloxacin, which is used to treat certain infections, including bronchitis, pneumonia, and infections of the skin, bladder, urinary tract, reproductive organs, and prostate.
The final view on the DGAD's recommendations will be taken by the Finance Ministry.
"An appeal against the order of the Central Government arising out of this final finding shall lie before the Customs, Excise and Service Tax Appellate Tribunal in accordance with the Customs Tariff Act," the DGAD said.
Countries initiate anti-dumping probe to determine if the domestic industry has been hurt by flooding of below-cost imports. As a counter-measure, they come up with duties under the multi-lateral WTO regime.
Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.
Source: newindianexpress.com