India impose antidumping duty on chemical used in China, Germany and Saudi Arabia

Vastavam web: India may impose antidumping duty on a chemical used in pharma industry from China, Germany and Saudi Arabia as the commerce ministry has started a probe into an alleged dumping of the product following complaints by domestic players.Balaji Amines Ltd has filed an application before the Directorate General of Antidumping and Allied Duties (DGAD) for initiation of anti-dumping investigation on imports of ‘Di Methyl Formamide’ from these three countries.If established that dumping has caused material injury to domestic players, the directorate would recommend imposition of anti-dumping duty on the imports.

Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in below-cost imports.As a counter measure, they impose duties under the multilateral regime of WTO.India has already imposed anti-dumping duty on several products to tackle cheap imports, including from China.