In a recent trade policy development, the Indian Government has announced anti-dumping duties on six industrial products, imported mainly from China, for the protection of domestic producers from the adverse effect caused by imports sold at low prices. The move comes in response to detailed investigations and recommendations made by the Directorate General of Trade Remedies (DGTR), the investigative arm of the Ministry of Commerce and Industry.
Subsequent to the DGTR recommendations, the law created a separate notification by the Central Board of Indirect Taxes and Customs (CBIC) in the Department of Revenue that contained the required anti-dumping duties for a period of five years. The imported industrial products affected by the duties include PEDA (used in herbicide production), Acetonitrile (a key solvent in the pharmaceutical industry), Vitamin-A Palmitate (commonly used in food and healthcare sectors), Insoluble Sulphur (critical to tyre manufacturing), Decor Paper...
