Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jul 23, 2017

Anti-Dumping Duty Likely On A Chinese Import Used By Indian Pharma Companies

Anti-Dumping Duty Likely On A Chinese Import Used By Indian Pharma Companies
Vaccine vials move along a machine in the labeling unit at the Serum Institute of India Ltd. pharmaceutical plant in Pune, Maharashtra, India, on Monday, May 4, 2015. (Photographer: Sanjit Das/Bloomberg)

The government may impose an anti-dumping duty of $72.95 per tonne on imports of a chemical from China, used in pharmaceutical and other industries.

In its sunset review of anti-dumping duty imposed on the imports of 'sodium nitrite', the Directorate General of Antidumping and Allied Duties (DGAD) has concluded that there is "continued dumping" of the chemical from China and it is causing injury to the domestic industry.

Deepak Nitrite Ltd. had filed an application with the DGAD for initiating the sunset review.

The DGAD in a notification has stated that "the authority recommends that revised anti-dumping duties be continued to be imposed ... on all imports of sodium nitrite" from China.

While the DGAD, under the commerce ministry, recommends the duty, the finance ministry imposes the same.

Sodium Nitrite is mostly used in industries including pharmaceutical, dye, lubricants, construction chemicals, meat processing and textiles.

Countries impose anti-dumping duties to guard domestic industry from surge in below-cost imports.

India has also imposed similar duties on import of several other products including steel, fabrics and chemicals from different countries including China.

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.

They are not a measure to restrict import or cause an unjustified increase in cost of products.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search