|
| Govt slaps anti-dumping duty on two chemicals |
| Press Trust Of India / New Delhi Jun 26, 2009, 01:13 IST |
|
India has imposed anti-dumping duty of $218.6 per tonne on imports of phosphoric acid, a key ingredient in detergent manufacturing, from South Korea to protect the domestic industry from cheap shipments.
The country has also imposed the duty of up to $1.36 per kg on imports of Diethyl Thio Phosphoryl Chloride (DTPC), used in pesticides, from China.
After concluding that “the domestic industry has suffered material injury”, the Directorate General of Anti-Dumping and Allied Duties (DGAD) has recommended the anti-dumping duty on both the chemicals, an official statement said here.
The Ministry of Finance, which has imposed the duty, said that the chemicals has been exported to India below its normal value.
The duty on DTPC ranged between $0.47 per kg and $1.36 per kg, it added. The anti-dumping duty imposed would be effective up to December 21, it said.
India has imposed anti-dumping duty on several products, including fabrics, colour picture tubes, nylon tyre cord and several stainless steel products.
According to a World Trade Organization report, India initiated the highest number of 42 anti-dumping investigations, followed by Brazil and China, between July and December 2008.
Unlike safeguard duty, which is levied in a uniform way, anti-dumping duty varies from product to product and country to country.
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
