The government can impose anti-dumping duties on a chemical from five countries
New Delhi, December 12 () The government can impose anti-dumping duties on a chemical used in polyester fibers and films, imported from five countries, as the Ministry of Commerce has initiated an investigation for it.
The ministry's investigation arm, DGTR, has initiated the investigation of an alleged dumping of Mono Ethylene Glycol originating or exported from Kuwait, Oman, Saudi Arabia, United Arab Emirates and Singapore, following a complaint from a national company.
Reliance industries Ltd has submitted an application on behalf of the national industry to the DGTR to initiate the investigation.
According to a notification from the General Directorate of Commercial Remedies (DGTR), the company has requested the imposition of anti-dumping duties on imports.
India Glycols Limited has also supported the application.
He said the authority has discovered prima facie that there is sufficient evidence that the chemical has been spilled from these countries.
The Authority hereby initiates an investigation into the alleged dumping and the consequent damage to the national industry, he said.
In the investigation it would determine the existence, the degree and the effect of the alleged dumping and the consequent damage to the domestic industry.
If it is established that dumping has caused significant damage to the national industry, management would recommend the amount of the anti-dumping duty.
The investigation period is January - September 2019. I would also analyze the 2016-19 data.
Countries carry out an anti-dumping investigation to determine if their national industries have been affected by an increase in cheap imports.
As a countermeasure, they impose rights under the multilateral regime of the World Trade Organization. The duty aims to guarantee fair trade practices and create a level playing field for domestic producers. RR SHW MR MR