In an effort to protect local players from cheap inbound shipments, the Indian government has extended anti-dumping duty on certain rubber chemicals coming in from China.
The country’s finance ministry imposed an anti-dumping duty of US$0.23 per kg on imports of certain “rubber chemicals, namely (MBTS) Dibenzothiazoledisulphide” from China in October 2011. They duty was imposed for a five-year period.
The Department of Revenue has amended this, saying “this notification shall remain in force up to and inclusive of the 19th day of October, 2017, unless revoked earlier.”
National Organic Chemicals Industries filed the application for initiation of anti-dumping investigation on the imports.
Anti-dumping probes are initiated by countries to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multi-lateral World Trade Organisation (WTO) regime.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry, and are not imposed to restrict imports or cause an unjustified increase in cost of products.