Anti-dumping probe into chemical imports
India has initiated anti-dumping probe into imports of a chemical used in the pharmaceutical industry from four countries -- Russia, South Africa, Kazakhastan and Turkey.
Vishnu Chemicals has filed an application for investigation into dumping of sodium dichromate from the countries in question.
The commerce ministry's investigation arm -- the Directorate General of Anti-dumping and Allied Duties (DGAD) – has found "sufficient prima facie evidence of dumping" of the chemical. If it is established that dumping has caused material injury to domestic players, the DGAD would recommend imposition of anti-dumping duty on the said import.
Through the probe, the DGAD would determine the existence, degree and effect of alleged dumping.