India plans anti-dumping duty protect adhesives segment

India plans anti-dumping duty to protect adhesives segment

11:07 AM, 23rd June 2011
India plans anti-dumping duty to protect adhesives segment

NEW DELHI, INDIA: The Government of India is planning to place anti-dumping duty worth of up to $ 1,707 per tonne on the chemical imports from China, Japan, Malaysia, Russia, Taiwan and Thailand with the aim to save the Indian adhesive making industry.

The Directorate General of Anti-Dumping and Allied Duties (DGAD) has stated in its findings that ‘Poly Vinyl Chloride (PVC) Paste Resin’ is exported by these nations to India below the normal value.

DGAD is an arm of the Commerce and Industry Ministry, which has been dealing with anti-dumping matters.

DGAD has further said that the restrictive duty would vary in the range between $ 1,707- $ 1,471 per tonne. After the domestic industry had lodged complaint, DGAD had started investigation into the dumping of the chemical from these countries, which had risen to 16,246 tonne in 2008-09 from 5,657 tonne in the previous fiscal.

Anti-dumping duty is proposed by the Commerce Ministry and the Union Finance Ministry imposes the duty. In the past, government had imposed anti-dumping duty on several products like yarn, fabrics, some of the stainless steel products and also chemicals.

(C) WOC News




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