The Revenue Department under the Ministry of Finance has imposed definitive anti-dumping duty on certain imported rubber chemicals namely ‘MBTS' Dibenzothiazole disulphide from China, for the coming five years with effect from October 20, 2011.
The ministry of finance has imposed the anti-dumping duty of $0.23/kilogram on all MBTS imported from China. The similar duty will be applicable even for the MBTS products from countries other than china and exported from china.
The finance ministry has imposed definitive anti-dumping duty on the suggestion of the designated authority in the Commerce Ministry after the sunset review. The sunset review is targeted at cancelling or continuing with or enhancing the existing definitive anti-dumping duty which was to complete its five year period.
The MBTS is mainly used in the manufacturing of rubber products as an accelerator finds wider application in the manufacture of automotive tyres, conveyor belts and foodwear industry. The National Organic Chemical Industries had filed the original complaint.
Dumping is said to have taken place when an exporter sells a product to India at a price less than the price prevailing in its domestic market. However, the phenomenon of dumping is per se not condemnable as it is recognized that producers sell their goods at different prices to different market. Dumping occurs when the export price of goods imported into India is less than the Normal Value of ‘like articles’ sold in the domestic market of the exporter.