Google Map No.2, Rajparis Karpagam, Door No.20, 12th Main Road, Anna Nagar. Chennai - 40 rajasirias@gmail.com +91 - 9884554654

Notice Board
×


Reset

Anti-dumping duty on Chinese chemical for 5 years

Post by Admin Dec 16,2018

Farm subsidies:India's fight at the WTO

Post by Admin Dec 13,2018

Ministry of Power launches ECO Niwas Samhita 2018

Post by Admin Dec 14,2018

National Medical Devices Promotion Council to be set up under DIPP

Post by Admin Dec 14,2018

CAD Widens to 2.9% of GDP

Post by Admin Dec 07,2018

FAO Council approves India's proposal to observe an International Year of Millets in 2023

Post by Admin Dec 12,2018

Elements of Agriculture Export Policy with Vision of New India of USD 5 Trillion Economy

Post by Admin Dec 06,2018

India set for warmer winter ahead as El Nino conditions develop

Post by Admin Dec 03,2018

Amendments made in DTAA of India and China

Post by Admin Nov 28,2018

RBI eases hedging rules to 70% for external commercial borrowing

Post by Admin Nov 28,2018

Anti-dumping duty on Chinese chemical for 5 years

Post by Admin,Dec 16,2018.
News

The revenue department has imposed anti-dumping duty for five years on a Chinese chemical used in making detergents to guard domestic players from cheap imports from the neighbouring country. The levy on ‘Zeolite 4A’ [Detergent grade] has been imposed on recommendations of Directorate General of Trade Remedies (DGTR) after conducting a probe in this regard. The duty in the range of $163.90-207.72 per tonne of the chemical will remain in force for five years (unless revoked, superseded or amended earlier), said the Central Board of Indirect Taxes and Customs (CBIC) in a notification.

  • DGTR, the investigation arm of the commerce ministry, had conducted the probe on complaint of Gujarat Credo Mineral Industries and Chemicals India which alleged injury to the domestic industry on account of the cheap import from China.
  • In its final findings, DGTR said there was a “positive dumping margin” as well as material injury to the domestic industry, caused by the dumped imports, and recommended imposition of definitive anti-dumping levy. 
  • Detergent grade Zeolites are primarily water softener compounds, used to remove calcium and magnesium ions from hard water. Soft water requires less soap for the same cleaning effort, as soap is not wasted mopping up calcium ions. It is mainly used as a builder in detergents.
  • Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in below-cost imports.
  • The duty is also aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with regard to foreign producers and exporters.
  • India has already imposed anti-dumping duty on several products to check cheap imports from countries including China with which India has a major concern of widening trade deficit.
  • The deficit has increased to $63.12 billion in 2017-18 from $51.11 billion in the previous fiscal.

Anti-Dumping Duty

  • An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. 
  • Dumping is a process where a company exports a product at a price lower than the price it normally charges in its own home market. 
  • To protect local businesses and markets, many countries impose stiff duties on products they believe are being dumped in their national market.