Anti-dumping duty on paracetamol imports from China extended by 1 more year

27/09/2012 12:00 - 426 Views

The Finance Ministry has extended the validity of existing anti-dumping duty on Paracetamol imports from China by one more year.

The anti-dumping duty will be continued until September 2, 2013, the Revenue Department has said.

The Revenue Department’s move follows the recommendation of the Designated Authority in the Commerce Ministry in its sunset review initiation in end-August this year.

The application for sunset review was filed by Sri Krishna Pharmaceutical Ltd, Hyderabad and Bharat Chemical Pvt Ltd, Mumbai on behalf of the domestic industry. The applicants accounted for a major proportion of the domestic industry.

Paracetamol is an odourless white crystalline powder. It is a bulk pharmaceutical active ingredient, displaying analgesic and antipyretic properties.

Paracetamol is used in a number of OTC drug formulations in the form of powders, granules, injectibles and tablets.

New Delhi, Sept 25, 2012

By K. R. Srivats

Source: thehindubusinessline.com