India imposes anti-dumping duty on four Chinese chemicals
New Delhi, June 24 (PTI) India, this month for four Chinese chemicals from the neighboring country to protect the unjust-priced imports of domestic players to protect anti-dumping.
These tasks were given – Peda (used in Herbisit); Acetonitril (used in the pharmaceutical sector); Vitamin -a palmitate; and insoluble sulfur.
In separate notifications, indirect Tax and Customs Central Council, the Ministry of Revenue, said the task given will be taken over the import of these chemicals for a five -year period.
The tasks were applied by following the same suggestions from the General Directorate of Trade Solutions (DGTR), a branch of the Ministry of Commerce.
In Peda, a mission was implemented up to 481 USD per ton, imported from China, Russia and Taiwan, which will vary between US $ 1,305.6 and 2017.9 per ton.
Similarly, the government has appointed a task up to USD $ 20.87 per kg for a palmitate vitamin imported from China, the European Union and Switzerland; and up to 358 USD per ton on the imports of soluble sulfur imported from China and Japan, used in the rubber industry.
Anti-dumping probes are carried out by countries to determine whether domestic industries have been injured due to the increase in cheap imports.
As a counter precaution, they impose these tasks under the multilateral regime of the Geneva -based World Trade Organization (WTO). Both India and China are members of multilateral organizations interested in global trade norms.
The task aims to provide fair trade practices and to create a plain playground area for domestic producers against foreign producers and exporters.
As India rises to USD $ 99.2 billion in 2024-25, the trade deficit of China and the country is taking steps to increase local production and reduce imports from China.
In the last financial year, India’s exports to China signed a contract with US $ 14.25 billion against US $ 14.25 billion against US $ 16.66 billion in 2023-24. However, imports increased by 11.52 percent in 2024-25 and increased by US $ 113.45 billion against USD $ 101.73 billion in 2023-24.
