With an aim to guard domestic players from cheap imports, the government has levied a definitive anti-dumping duty on Hydrogen Peroxide chemical, largely used in corrosion control and bleaching, exported from Bangladesh, Taiwan, Korea RP, Indonesia, Pakistan and Thailand. As per circular published by the revenue department, the duty will be effective for a period of 5 years in a range from $16.91-$117.94 per tone, depending on the producer and exporter.
The Directorate General of Anti-Dumping and Allied Duties (DGAD) after the investigation recommended the imposition of definitive anti-dumping duty on imports of the subject goods originating in or exported from the subject countries and it found that the subject goods have been exported to India from the subject countries (other than Indonesia) below its normal value, causing material injury to the domestic industry.
Earlier, National Peroxide Ltd and Hindustan Organic Chemicals Ltd had appealed to DGAD to initiate a probe into the indiscriminate dumping of the chemical in the Indian market. It was also supported by Gujarat Alkalies.