Govt may extend antidumping duty on a chemical from 6 nations

Government may further extend the anti-dumping duty levied on imports of a chemical, used in plastic and other industry, from six countries, including China and Korea, to protect domestic players from cheap shipments.
In the final findings of the sunset review, Directorate General of Anti-dumping and Allied Duties (DGAD), has suggested the duty of up to Rs 379 per tonne on the imports of 'Poly Vinyl Chloride (PVC) Paste/ Emulsion Resin'.
The DGAD in its findings has concluded that there is continued dumping of the product from these countries causing injury to the domestic industry.
"The authority considers it necessary to recommend continued imposition of the following definitive anti-dumping duty on imports of subject goods from the subject countries," DGAD said in a notification.

The duty recommended was in the range of USD 88 per tonnne to USD 379 per tonne.
While DGAD, which is under the commerce ministry, recommends the duty, the finance ministry imposes it within three months of the recommendation.
For the first time in July 2011, the government imposed anti-dumping duty on imports of the product.
Countries initiate anti-dumping probes to find if their domestic industries have been hurt because of below-cost imports. As a counter measure, they impose duties within the multilateral regime of WTO.