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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
India imposes anti-dumping duty on chemical imported from China, Korea, Thailand
China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations. The duty was imposed as the chemical — Epichlorohydrin — was exported to India from these countries at below-normal prices.
«The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)...,» the department of revenue said in a notification.
The levy is imposed following recommendations for the same by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).
Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports.
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