Govt slaps anti-dumping duty on acetone imports from Japan
India has imposed anti-dumping duty of up to $195.58 per tonne on imports of acetone, a chemical used by drug makers, to protect the domestic industry from cheap Japanese and Thai shipments.delhi Updated: Apr 14, 2010 18:25 IST
India has imposed anti-dumping duty of up to $195.58 per tonne on imports of acetone, a chemical used by drug makers, to protect the domestic industry from cheap Japanese and Thai shipments.
The duty would range between $24.87 and $195.58 per tonne, the finance ministry said.
The duty would be "effective up to and inclusive of the 8th day of October, 2010," it said.
Acting on complaints from the domestic industry, the Directorate General of Anti-Dumping and Allied Duties (DGAD), a nodal investigation agency under the Commerce Ministry, had initiated a probe into dumping of acetone.
In its findings, the DGAD had concluded that the chemical is exported by these two countries to India at a price below its normal value.
The DGAD had also concluded that, "The domestic industry has suffered material injury... The injury has been caused by the dumped imports from Japan and Thailand."
The period of investigation was October, 2008-June, 2009. During these nine months, imports from Japan and Thailand grew by 16.5 per cent and 10 per cent, respectively, compared to the corresponding period in fiscal year 2008-09.
Countries initiate an anti-dumping probe to see whether their domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose duties within the multilateral regime of the WTO.
The government organises workshops from time-to-time to sensitise export promotion councils and apex chambers of trade and industry representatives on the issues of anti-dumping.