New Delhi, June 6 (PTI) India Government has imposed anti-dumping duty of USD 122.14-279.78 per tonne on import of achemical, used in pharmaceutical and fragrance sectors, fromChina and Russia to protect domestic manufacturers.

The levy on the import of 'Dichloromethane (MethyleneChloride)' will remain in place for a period of five yearsfrom December 2015, the Central Board of Excise and Customs(CBEC) said through a notification.

In December last year, a provisional anti-dumping wasimposed on such imports.

The definitive duty follows a recommendation for the sameby Directorate General of Anti-Dumping and Allied Duties(DGAD).

CBEC said the DGAD in its final findings had concludedthat the Methylene Chloride has been exported to India fromthe two countries has been below normal values and thedomestic industry suffered "material injury" by the dumpedimports.

The DGAD had made the case for definitive anti-dumpingduty on the imports to remove injury to the domestic industry.

Acting on complaint of Chemplast Sanmar and GujaratFluorochemicals, the DGAD had initiated a probe in April lastyear to ascertain if the chemical was being dumped into Indiaat below normal value.

Methylene Chloride is used in the manufacturing ofpolycarbonate and phenolic resins, rayon yarn,pharmaceuticals, agro and fragrance. It is also used as anextractant for edible fats, cocoa, butter and essences.

WTO member countries are allowed to apply anti-dumpingmeasures on imports of a product if the exporting companyships the product at a price lower than the price it normallycharges in its home market and the dumped imports cause orthreaten to cause injury to the domestic industry.

Source: MSN