Insta
India Imposes Anti-Dumping Duty On Import Of Phosphorus Pentoxide From China
This September 21, 2017 photo shows a container being loaded onto a ship at the Vizag Terminal, operated by Essar Ports, India. (INDRANIL MUKHERJEE/AFP/Getty Images)
India has slapped anti-dumping duty on import of chemical Phosphorus Pentoxide from China to protect the domestic manufacturers, Hindustan Times reports.
According to the daily, the Central Board of Excise and Customs (CBEC) has imposed an anti-dumping duty of $1,685.42 per metric tonne on import of the chemical. The duty will remain in place for a period of five years.
Chemical Phosphorus Pentoxide is used as a desiccant and dehydrating agent. It is an important raw material for the chemical industry.
A probe was carried out by Directorate General of Anti-Dumping and Allied Duties (DGAD) after a complaint from Sandhya Dyes & Chemicals to determine the “existence, degree and effect” of the alleged dumping.
In its probe, the DGAD concluded that the import was damaging the domestic chemical industry as it was being exported to India below the normal value.
India had imposed anti-dumping duty on as many as 98 products, including chemicals, imported from China in December last year.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
