Anti-dumping duty on key chemicals from China?
Government has initiated a dumping probe on imports of a chemical used in foam industry from three countries including China to guard domestic players from below-cost inbound shipments. The investigation was started following a complaint from Gujarat Narmada Valley Fertilisers and Chemicals.
The Directorate General of Anti-Dumping and Allied Duties (DGAD), under the commerce ministry, has started the anti- dumping investigation concerning imports of "Toluene DiIsocyanate (TDI)" originating in or exported from China, Japan and Korea. In a notification, DGAD has said that there is sufficient prima facie evidence that the normal value of the chemical in these countries is significantly higher than the ex-factory export price.
It indicates "prima facie, that the subject goods are being dumped into the Indian market by the exporters" from the three countries, it added. The authority has initiated an investigation into the alleged dumping of the product. TDI is a clear liquid and is used for production of flexible polyurethane foam, furniture cushion, industrial gaskets, protective pads for sports & medical use, automobile seats, furniture, lining, and packing of electronic items, frozen foods, medicines and audio-video computer CDs.