India levies anti-dumping duty phosphorus pentoxide from China

India levies anti-dumping duty on phosphorus pentoxide from China

10:08 AM, 9th April 2018
India levies anti-dumping duty on phosphorus pentoxide from China

NEW DELHI, INDIA: The revenue department of India has imposed an anti-dumping duty on the import of a chemical from China to protect the domestic manufacturers from cheap shipments.

As per a notification of the Central Board of Excise and Customs (CBEC), anti-dumping duty of $1,685.42 per metric tonne has been imposed on the import of phosphorus pentoxide from China.

The duty has been imposed for five years.

Phosphorus pentoxide is used as a powerful desiccant and dehydrating agent and is a useful building block and reagent in the chemical industry.

Acting on a complaint by Sandhya Dyes & Chemicals, the directorate general of Anti-Dumping and Allied Duties (DGAD) had carried out a probe into the imports of the chemical to ascertain if the shipments were causing injury to the domestic manufacturers of the chemical.

The probe was aimed at determining the “existence, degree and effect” of alleged dumping. It also recommended the quantum of the anti-dumping duty, which, if levied would be adequate to remove the injury to the domestic industry.

After the investigation, the DGAD concluded that the chemical was being exported to India below the normal value and that domestic industry suffered material injury on account of dumped imports.

Based on the recommendation of the DGAD, the revenue department imposed the levy on the import of the chemical from China.

Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multilateral WTO regime.

Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.




Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Tata Chemicals to acquire Allied Silica’s core biz for $19 mn

MUMBAI, INDIA: Tata Chemicals Limited has entered into an agreement with Allied Silica Limited (ASL) to acquire its precipitated silica business for r ...

Read more
WorleyParsons acquires German chemical services business

SYDNEY, AUSTRALIA: WorleyParsons Limited said that it has completed acquiring M+W Group’s Ludwigshafen and Schwarzheide offices in Germany. The ...

Read more
Kemira inks multiyear polymer supply agreement with Chevron

HELSINKI, FINLAND: Kemira Oyj has signed a multiyear agreement with Chevron North Sea Limited for the supply of polymer. On the back of this agreement ...

Read more
Borealis CEO steps down, executive VP to succeed

VIENNA, AUSTRIA: Borealis AG said that its CEO Mark Garrett has decided to leave the company, after more than 11 years with the company. The board ap ...

Read more
Consumer demand for energy saving products to drive market

Energy efficient coatings market size will witness significant growth during forecast timeframe owing to its increasing application outlook in automot ...

Read more
Sika opens first concrete admixture factory in Senegal

BAAR, SWITZERLAND: Sika AG has opened a new concrete admixture factory in Senegal, expanding its production capacity in West Africa. The new plant is ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X