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Anti-dumping duty likely on import of a chemical from China
23/07/2017 12:00
NEW DELHI: The government may impose anti-dumping duty of USD 72.95 per tonne on imports of a chemical, used in pharmaceutical and other industries, from China.
In its sunset review of anti-dumping duty imposed on the imports of 'sodium nitrite', the Directorate General of Antidumping and Allied Duties (DGAD) has concluded that there is "continued dumping" of the chemical from China and it is causing injury to the domestic industry.
Deepak Nitrite LtdBSE -0.52 % had filed an application with the DGAD for initiating the sunset review.
The DGAD in a notification has stated that "the authority recommends that revised anti-dumping duties be continued to be imposed ... on all imports of sodium nitrite" from China.
While the DGAD, under the commerce ministry, recommends the duty, the finance ministry imposes the same.
The chemical is mostly used in industries including pharmaceutical, dye, lubricants, construction chemicals, meat processing and textiles.
In its sunset review of anti-dumping duty imposed on the imports of 'sodium nitrite', the Directorate General of Antidumping and Allied Duties (DGAD) has concluded that there is "continued dumping" of the chemical from China and it is causing injury to the domestic industry.
Deepak Nitrite LtdBSE -0.52 % had filed an application with the DGAD for initiating the sunset review.
The DGAD in a notification has stated that "the authority recommends that revised anti-dumping duties be continued to be imposed ... on all imports of sodium nitrite" from China.
While the DGAD, under the commerce ministry, recommends the duty, the finance ministry imposes the same.
The chemical is mostly used in industries including pharmaceutical, dye, lubricants, construction chemicals, meat processing and textiles.
Source: The Economic Times
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