Will gain from reduced anti-dumping duty on pyridine: Jubilant

Image
Press Trust of India New Delhi
Last Updated : Feb 06 2016 | 6:02 PM IST
Jubilant Life Sciences today said it will benefit from China's decision to reduce anti-dumping duty on the imports of pyridine, mainly used in pharma sector.
The Indian company, however, did not quantify how much would it gain nor the value of pyridine exports to China.
"Ministry of Commerce (MOFCOM) has reduced anti-dumping duty on its pyridine to 17.6 per cent from existing 24.6 per cent based on the review petition filed by the company," Jubilant Life Sciences said in a regulatory filing.
The company will continue to evaluate the market conditions and get the "benefit of reduced duty going forward", it added.
Pyridine is a chemical which is used in the preparation of various agrochemicals and pharmaceuticals besides being an important solvent and reagent.
*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: Feb 06 2016 | 6:02 PM IST

Next Story