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Anti-Dumping Duty on Imports of a Chemical |
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27-7-2016 | |||
Directorate General of Anti-dumping & Allied Duties (DGAD) conducts anti-dumping investigations on the basis of duly substantiated petitions filed by domestic industry alleging dumping of goods into the country causing injury. The basic intent of the anti-dumping measures is to eliminate injury caused to the domestic industry by the unfair trade practices of dumping and to create a level playing field for the domestic industry vis-a-vis dumped goods by re-establishing a situation of open and fair competition in the domestic market. DGAD initiated an anti-dumping investigation in respect of imports of Purified Terephthalic Acid (PTA) from China PR, Iran, Indonesia, Malaysia & Chinese Taipei on 18.6.2015. Based on DGAD’s final findings dated 9.6.2016, Department of Revenue has imposed anti-dumping duty in the range of US$ 85.87 to 168.76 per MT on imports of aforesaid chemical from China PR, Iran, Indonesia, Malaysia & Chinese Taipei on 5.7.2016. This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today. |
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