India: Dumping duty on Chinese chemical on the cards

25/10/2011 12:00 - 379 Views

New DelhiThe government is likely to impose anti- dumping duty of up to $0.26 per kg on a chemical, mainly used by the pharma sector, to protect the domestic industry from Chinese shipments that may be below the normal cost of the product.

The Directorate General of Anti-Dumping and Allied Duties (DGAD), a nodal investigation agency under the commerce ministry, has found that Para nitroaniline is exported by China to India at a price below its normal value. DGAD said, “...the Authority recommends imposition of anti-dumping duty...to remove the injury to the domestic industry.”

It has recommended the imposition of the restrictive duty, which ranged from $0.09 to $0.26 per kg on the importsof Para nitroaniline from China.

However, a final call on the issue will be taken by the finance ministry, following which a formal notification will be made.

Acting on complaints from the domestic industry, DGAD had initiated a probe into the dumping of the chemical.

Source: financialexpress.com