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.