India is likely to impose anti- dumping duty of up to $195.58 per tonne on imports of a chemical used by drug makers to protect the domestic industry from cheap Japanese and Thai shipments.
The Directorate General of Anti-Dumping and Allied Duties (DGAD), a nodal investigation agency under the Commerce Ministry, has concluded in its preliminary findings that 'Acetone' is exported by the two countries to India below its normal value, an official said.
DGAD has also concluded that "The domestic industry has suffered material injury... The injury has been caused by the dumped imports from Japan and Thailand," the Commerce Ministry official said.
The duty recommended by DGAD ranges between $24.87 and $195.58 per tonne.
However, the imposition of the anti-dumping duty is notified by the Finance Ministry.
Acting on complaints from the domestic industry, DGAD, had initiated the probe into dumping of Acetone from Japan and Thailand.
The period of investigation was October 2008-June 2009. During these nine months, imports from Japan and Thailand grew 16.5 per cent and 10 per cent, respectively, over fiscal year 2008-09.
Countries initiate anti-dumping probe to see whether their domestic industries have been hurt because of a surge in cheap imports. As a counter measure, they impose duties within the multilateral regime of the WTO.
Source : Business Standard