Anti-dumping duty imposed on import of chemical from US, China
The Central Board of Excise and Customs (CBEC) has imposed definitive anti-dumping on import of Methyl Acetoacetate from the two countries for five years. The duty has been slapped following recommendation by the Directorate General of Anti-dumping and Allied Duties (DGAD).
The DGAD, after an investigation into the imports, said in its final findings that the chemical has been exported to India from the two countries below normal values and the domestic industry has suffered material injury.
"The material injury has been caused by the dumped imports of subject goods from the subject countries," it said, while recommending the levy on imports of the chemical "in order to remove injury to the domestic industry". In January last year, DGAD had initiated a probe to ascertain if the chemical was being dumped in the country. The probe followed a petition by Laxmi Organic Industries.