No material injury from alleged dumping of sodium dichromate: DGAD

Image
Press Trust of India New Delhi
Last Updated : Jun 11 2018 | 1:20 PM IST

The Commerce Ministry's investigation arm DGAD has not recommended an anti-dumping duty on sodium dichromate, used in the pharma sector, from Russia, South Africa, Kazakhstan and Turkey as the domestic industry has not suffered material injury due to its import.

The Directorate General of Anti-Dumping and Allied Duties (DGAD) has stated that causal link between imports from these four countries and injury to the domestic industry is not conclusively established.

"The authority does not consider it appropriate to recommend levy of anti-dumping duty on the imports...and hereby terminates this investigation," the DGAD said in a notification.

Vishnu Chemicals had filed an application for investigation into dumping of sodium dichromate from the countries in question.

Anti-dumping duties are levied to provide a level playing field to the local industry by guarding against cheap below-cost imports.

The chemical is also used in metal finishing industries, anti-corrosive applications, water treatment chemicals, pigments and paints.

India is one of the most attractive markets for global producers, given its large middle class population.

Imposition of anti-dumping duty is permissible under the World Trade Organisation (WTO) regime.

The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a- vis foreign producers and exporters.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 11 2018 | 1:20 PM IST

Next Story