March 2018
7:22 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Anti-dumping duty likely on Chinese chemical imports
New Delhi, Jan 2 (PTI) India is likely to impose anti- dumping duty of up to USD 397 per tonne on a Chinese chemical used in construction and dyes industry.

The move is aimed at guarding domestic players from cheap imports of 'Sulphonated Naphthalene Formaldehyde' from the neighbouring country.

Commerce ministry's investigation arm Directorate General of Antidumping and Allied Duties (DGAD) in its final findings has concluded that the product has been exported to India from China below its normal value and it has resulted in dumping.

"The domestic industry has suffered material injury due to dumping of the product," DGAD said in a notification.

It has recommended "imposition of definitive anti-dumping duty" for a period of five years to remove the injury to the domestic industry.

Himadri Speciality Chemical had filed the application for initiation of anti-dumping investigations.

While DGAD recommends the duty, the Finance Ministry imposes it.

Countries initiate anti-dumping probes 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 WTO regime.

Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.

Global trade facing challenges,India needs to boost exports: Prabhu
Havells appoints Shashi Arora as CEO of Lloyd
Markets consolidate gains, Sensex reclaims 33k-mark
SAIC’s MG Motor India to invest Rs5,000 crore in next six years
Audi to hike car prices by up to Rs 9 lakh from April
RBI sets rupee reference rate at 64.9366 against US dollar
Indians choose travel over shopping, food: Survey
'Panama Papers' law firm shuts down operations
Delhi, Bangalore, Chennai among cheapest cities globally: EIU
Sensex extends losses, down 66 pts; Nifty below 10,400
SBI closes 41.2L SB accounts for not keeping minimum balance
RBI scraps bank LoUs in the aftermath of PNB fraud
Huawei, Savex Technologies partner for enterprise biz in India
Rupee opens 9 paise higher against US dollar
Sensex cautious on weak global cues; TCS cracks 5%
Rupee rises 23 paise against dollar in opening trade
Sensex rallies 301 pts ahead of IIP, inflation data
India braces for Donald Trump's reciprocal tax, may fight it in WTO
Sensex ends marginally lower on late sell-off
Rupee rebounds 4 paise in opening trade
Kannur accident: Manorama News journalist injured
 (Koothuparamba, Mar 24, 2018, DG): Four persons have been injured in a car-lorry crash at Kot  
Observe Earth Hour between 8.30 PM-9.30 PM Saturday, appeals Governor
IYD: Govt to take foreign Yoga professionals to Kerala
IS recruitment case: Woman operative sentenced to 7 years in jail
Three killed in France shooting; Islamic State claims responsibility
 (TREBES, Mar 23, 2018):Islamic State on March 23 claimed a shooting in the southwestern Frenc
Trump replaces McMaster, taps Bolton as national security adviser
EU blames Moscow for UK spy attack, recalls envoy
Asian markets tumble with Wall St as Trump sparks trade war fears
Shah sets target of 21 seats from northeast
 (Guwahati, Mar 24, 2018): Gearing up for the next general election, BJP President Amit Shah t
SC asks 12 states why they have not appointed Lokayukta
Bihar: Explosion in illegal firecracker unit kills 5
Air India crew member slaps junior for serving non-veg food to passenger
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.