The Central Board of Excise and Customs (CBEC) has levied definitive anti-dumping duty of $ 0.277 - 0.404 per kilogram on import of Methyl Acetoacetate from the US and China for five years to protect domestic makers from cheap shipments.Methyl Acetoacetate is used in industries like pharmaceuticals, agrochemicals and polymers, among others.
Directorate General of Anti-dumping and Allied Duties (DGAD) after its investigation into the matter recommended in its final findings that the chemical has been exported to India from the two counties below normal values and the domestic industry has suffered material injury due to it. In order to remove injury to the domestic industry it stated that the material injury has been caused by the dumped imports of subject goods from the subject countries while recommending the levy on imports of the chemical.
The probe was initiated by DGAD in January last year to ascertain if the chemical was being dumped in the country. The probe followed a petition by Laxmi Organic Industries.