To protect domestic manufacturers, government of India’s (GoI) Revenue Department has slapped anti-dumping duty of up to $168.76 per ton on import of a chemical used in textile industry from five countries, including China and Iran. This was in response to MCC PTA India Corp and Reliance Industries jointly filing an application seeking anti-dumping probe.
The import restrictive tax has been imposed for five years by the Revenue Department on recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD), said a notification of Central Board of Excise and Customs (CBEC). The import of chemicals from the five countries (China, Iran, Indonesia, Malaysia and Taiwan) will attract anti-dumping duty in the range of $83.08 per tonne to $168.76 per ton.
In December last year, the Department had imposed provisional anti-dumping duty on the imports. The DGAD, after an investigation, had found that the chemical 'Purified Terephthalic Acid' was being exported to India from the five countries below its normal value. Thus the chemical was being dumped into India.