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Govt may impose antidumping duty on chemical from China,Turkey

Press Trust of India  |  New Delhi 

has initiated a probe against cheap of a chemical, used in paint and pharma industry, from and Turkey as it has found sufficient evidence of dumping.

Imposition of the duty would help in guarding the domestic players from cheap

Rashtriya Chemicals and Fertilisers and have jointly filed the application before the Directorate General of Anti-Dumping and Allied Duties (DGAD) for initiation of the investigation and imposition of the duty on of 'Dimethylacetamide'.

The DGAD has found "sufficient evidence of dumping" of the chemical from these two countries.

"The authority initiates anti-dumping investigations into the existence, degree and effect of alleged dumping," DGAD said in a notification.

The period of investigation is April 2015 to September 2016 (18 months).

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.

Unlike the safeguard duty, which is levied in a uniform way, anti-dumping duty varies from company to company and country to country.

has so far initiated 203 anti-dumping and two countervailing (anti-subsidy) investigations involving since January 1994.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 18:32 IST