Indian Government May Impose Anti-Dumping Duty on Mono Ethylene Glycol over Five Countries
The Investigation arm of the Indian Government, Directorate General of Trade Remedies (DGTR) has instigated the investigation into alleged dumping of Mono ethylene Glycol, which is imported from not just one but five countries namely Kuwait, Oman, Saudi Arabia, UAE and Singapore. Application for the initiation of the probe was first filed by Reliance Industries Ltd and was further supported by Indian Glycols Ltd. The authorities stated that they will do an in depth scrutinization to determine the existence of the accusation, its degree as well as the awful effect of the alleged dumping. Anti-dumping duty works as a counter measure that aims at ensuring fair trade practices from both ends. If the authorities find that imports have caused a severe material injury to the domestic market, the Directorate General of Trade Remedies (DGTR) would recommend a fixed amount of anti-dumping duty over imports from the countries stated.