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India may impose anti-circumvention duty on a chemical from China, Korea

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price in its domestic market

imports, exports

Dumping impacts price of that product in the importing country, hitting margins and profits of manufacturing firms

Press Trust of India New Delhi
India may impose anti-circumvention duty on a chemical, used in electrical, electronic, mechanical and chemical from Korea and China with a view to guard domestic players from cheap imports from these countries.
Gujarat Fluorochemicals Ltd, on behalf of the domestic industry, has filed the application before the directorate to investigate the matter and impose the duty.
The commerce ministry's investigation arm DGTR (Directorate General of Trade Remedies) has initiated a probe into an alleged circumvention of anti-dumping duty imposed on Polytetrafluoroethylene (PTFE) by the countries.
It has alleged

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First Published: Jun 24 2020 | 6:13 PM IST

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