DGAD has recommended an anti-dumping duty in the range of USD 0.24-0.40 per kg on the imports.
DGAD has recommended an anti-dumping duty in the range of USD 0.24-0.40 per kg on the imports.
New Delhi:
India is expected to impose anti-dumping duty of up to USD 0.40 per kg on imports of a chemical, used in pharma and agrochemicals industry, from the US and China to protect domestic players.
In its final findings, the Directorate General of Anti-Dumping and Allied Duties (DGAD), under the Commerce ministry, has found that -"Methyl Acetoacetate-" has been dumped from these countries and due to that domestic players have suffered material injury.
-"The authority is of the view that imposition of duty is required to offset dumping causing injury,-" DGAD said in a notification. DGAD has recommended an anti-dumping duty in the range of USD 0.24-0.40 per kg on the imports.
Laxmi Organic Industries Ltd had filed the petition for initiation of the anti-dumping duty investigation concerning imports of the chemical. While DGAD recommends the duty, the Finance Ministry imposes it. Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports.
As a counter-measure, they impose duties under the multi-lateral WTO regime. Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.
