New Delhi: India has initiated anti-dumping
probe on a chemical, used mainly in dye and pharmaceutical
industries, imported from China to protect the domestic
players from cheap shipments.
Acting on the complaints of some domestic industries, the
Commerce Ministry has initiated the investigation to assess
the impact of imports of 'Para nitroaniline' on the local
players.
The complainant said the dumping was causing injury to
the domestic industry.
The Directorate General of Anti-Dumping and Allied Duties
(DGAD) is conducting the probe, an official said.
"The Authority (DGAD)... hereby initiates an
investigation into the alleged dumping and consequential
injury to the domestic industry... to determine the existence,
degree and effect of alleged dumping and to recommend the
amount of anti-dumping duty...," the DGAD said.
The period of investigation was January 2009 to December,
2009.
While the Commerce Ministry recommends anti-dumping duty,
the Finance Ministry imposes it.
The principle of anti-dumping duty is to prevent dumping
and to ensure fair trading practices and to create a level
playing field for domestic producers vis-a-vis foreign
producers and exporters resorting to dumping.
PTI
First Published: Thursday, July 22, 2010, 18:47