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  3. India imposes anti-dumping duty on chemical from 5 countries

India imposes anti-dumping duty on chemical from 5 countries

11 Jul 2016 Evaluate

To protect domestic manufacturers, the Revenue Department has imposed definitive anti-dumping duty of up to $168.76 per tonne on import of a chemical used in textile industry, originating from five countries-China, Iran, Taiwan, Indonesia and Malaysia. The imports of the chemical from these five countries will attract anti-dumping duty in the range of $ 83.08 per tonne to $ 168.76 per tonne.

As per the notification of Central Board of Excise and Customs the import restrictive tax has been imposed for five years by the Revenue Department on recommendations of the Directorate General of Anti-Dumping and Allied Duties. The DGAD, after an investigation, had found that the chemical 'Purified Terephthalic Acid' was being exported to India from the five countries below its normal value. Thus the chemical was being dumped into India. PTA -- a white, free flowing crystalline powder is the primary raw material for the manufacture of polyester chips which in turn is used in a number of applications in textiles, packaging, furnishings, consumer goods, resins and coatings.

MCC PTA India Corp and Reliance Industries had filed the application seeking levy of anti-dumping duty on PTA imports from these five countries. Indian Oil Corporation, another producer of PTA, had supported the petition. Based on the recommendations of the designated authority in its final findings, the revenue department has imposed anti-dumping duty in range from $83.08 per tonne to $168.76 per tonne depending on the producer and country of export.

Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multi-lateral WTO regime. Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.

 

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