Millennium Post

Govt may extend anti-dumping duty on Chinese chemical

Government may further extend anti-dumping duty on imports of a chemical used in making of the products like soaps and cosmetics, from China to protect the domestic industry from cheap in-bound shipments. In the final findings of the sunset review, the Directorate General of Anti-dumping and Allied Duties (DGAD), has concluded that ‘coumarin’ has been exported to India from China at the below-normal value during the period of investigation despite the anti-dumping duty in force. The period of investigation was April 2013 to September 2014. DGAD has recommended that “continued imposition” of the anti-dumping duty is required to offset the likelihood of dumping and injury to the domestic industry. It has proposed an anti-dumping duty of $14.02 per kg on imports of coumarin from China. “The authority recommends continuation of definitive anti-dumping duty on all imports,” it said. While DGAD, which is under the commerce ministry, recommends the duty, the finance ministry imposes it within three months of the recommendation.
PTI

PTI

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