China imposed anti-dumping duty Indian companies

China imposes anti-dumping duties on TBHQ imports from India

10:45 AM, 26th August 2014
China imposed an anti-dumping duty on Indian companies

BEIJING, CHINA: China imposed an anti-dumping duty on Indian companies stating that they were found to have dumped tertiary-butylhydroquinone (TBHQ) products in the Chinese market even as it said it would stop levying such duties on phthalic anhydride. China imposes the anti-dumping duty of 49.8 per cent on the TBHQ imports from India.

According to the ministry’s year-long investigation, TBHQ imports from India have been dumped in the Chinese market and such imports have caused substantial damage to China’s domestic industry. However, the anti-dumping duties will not be retroactive to imports before.

In 2009, the ministry extended the anti-dumping duties on phthalic anhydride imports from the three countries (India, South Korea and Japan) one time, extending it for another five years after a review investigation, saying such imports would cause damage to Chinese industries.

 

© PTI News

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