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India likely to impose anti-dumping duty on chemicals used by pharma industry

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The duty will be imposed to protect the interests of domestic manufacturers

India is likely to impose anti-dumping duty of up to $279.78 per tonne on imports of a chemical used by pharma, agro and fragrance industries from China and Russia to protect domestic manufacturers.

Gujarat Fluorochemicals and Chemplast Sanmar had moved the Directorate General of Anti-Dumping and Allied Duties (DGAD) for imposition of the duty alleging dumping of the chemical from these two countries.

DGAD has recommended to the revenue department to impose the levy ranging between $122.14 and $279.78 per tonne on the imports of ‘Methylene Chloride’.

“…having established positive dumping margins as well as material injury to the domestic industry caused by such dumped imports, the Authority (DGAD) is of the view that imposition of duty is required to offset dumping causing injury,” DGAD said in notification while recommending the levy.

PTI

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