Dumping duty likely on chemicals imported from Israel, Taiwan
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Dumping duty likely on chemicals imported from Israel, Taiwan

Last Updated: Sunday, October 07, 2012, 13:26
 
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Dumping duty likely on chemicals imported from Israel, Taiwan
New Delhi: India may impose anti-dumping duty of up to USD 150.88 per tonne on a chemical, mainly used in plastics industry, imported from Israel, Taiwan and Korea, to protect domestic players against damages from cheap rivals.

The Directorate General of Anti-dumping and Allied Duties (DGAD) has recommended imposition of the duty on imports of 'Phthalic Anhydride', the Commerce Ministry has said in a notification.

The Directorate's recommendation comes on the basis of its findings that increased imports have caused "material injury" to the domestic industry, it said.

Leading producers like IG Petrochemicals, Mysore Petrochemicals and Thirumalai Chemicals had filed the petition for imposing anti-dumping duty on behalf of the domestic industry.

The duty ranged between USD 17.99 per tonne and USD 150.88 per tonne, it said.

Unlike safeguard duties, which are levied in a uniform way, anti-dumping duties vary from product to product and from country to country.

The DGAD, which is under the Commerce Ministry, in its recommendations said that the chemical has been exported to India below its normal value from the three countries.

Imports of 'Phthalic Anhydride' increased to 40,605 tonnes during January-December 2010 (the period of investigation) from 22,356 tonnes in 2007-08.

The authority is of the view that imposition of definitive duty is required to offset the dumping and injury, it added.

Anti-dumping duty is recommended by the Commerce Ministry, while the Finance Ministry imposes the same.

The country has already imposed anti-dumping duty on imports of fabric, yarn, nylon tyre cord and several chemicals.

Countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in cheap imports.

As a counter-measure, they impose duties under the multilateral WTO regime.

PTI




First Published: Sunday, October 07, 2012, 13:26


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