In order to protect the domestic players and to discourage cheap imports, the Government of India is likely to impose anti-dumping duty on a chemical used in pharma and pesticide industries from China and Saudi Arabia, as a probe has been initiated into an alleged dumping of Dimethyl Formamide from these two countries.
The Directorate General of Trade Remedies (DGTR), which ensures a level playing field to the Domestic Industry against the adverse impact of the unfair trade practices, has initiated an investigation following a complaint filed by Balaji Amines on behalf of domestic industry. On the basis of the prima facie evidence submitted by the company about dumping of the product by firms in these two nations, DGTR initiated an investigation.
In the probe, DGTR will determine the existence, degree and effect of any alleged dumping. If it will be established that the dumping has impacted the domestic industry, the directorate would recommend imposition of the duty. The finance ministry will take the final decision to impose the duty. The period of investigation is January to September 2019 (9 months). It would also look at the data of 2016-19.