India may impose anti-dumping duty on Rubber Chemical PX-13 imported from China, US


New Delhi: India is likely to impose anti-dumping duty on Rubber Chemical PX-13 imported from China, the US and South Korea. The Directorate General of Trade Remedies on Thursday recommended duty in the range of $81.76-1570/ MT based on an application filed by NOCIL.

Rubber Chemical PX-13, a key raw material used in tyre and non-tyre rubber sector.

The authority said that after examining the submissions, it provisionally concludes that the goods have been exported to India from the subject countries at dumped prices and the domestic industry has suffered material injury. It also said that material injury suffered by the domestic industry has been caused by the dumped imports.


“Having initiated and conducted the investigation into dumping, injury and causal link in terms of the provisions laid down under the Anti-Dumping Rules, the Authority is of the view that imposition of provisional duty is required to offset dumping and injury, pending completion of the investigation,” DGTR said in a notification.

It said it considers it necessary and recommends imposition of provisional anti-dumping duty on imports of subject goods from the subject countries.

The period of investigation for the purpose of present investigation is April 1, 2019 to March 31, 2020. The injury examination period has however been considered as the period from FY17-FY20.

DGTR, under the commerce and industry ministry recommends the duty but the call to impose it is taken by the finance ministry.

Source link

Articles You May Like

India Fiscal deficit: India to breach fiscal deficit target in FY22: Fitch Solutions
Is a $300 unemployment boost holding back jobs? Yes and no
Ford names new F-150 electric pickup Lightning with plans to reveal it May 19
Loss not as bad as feared
What it means for U.S. economic outlook

Leave a Reply

Your email address will not be published. Required fields are marked *