Govt starts dumping probe into chemical imported from China

Tags: News
The government has initiated a probe into alleged dumping of a chemical, used in paint industry, by China and Switzerland in the domestic market.

The move is aimed at helping guard domestic players from cheap imports.

The Directorate General of Anti-Dumping and Allied Duties (DGAD), an arm of the Commerce Ministry, has begun investigations into the matter.

In a notification, the DGAD has said that it has found a sufficient prima facie evidence of dumping of "Diketopyrrolo Pyrrole Pigment Red 254" from China and Switzerland.

It said the DGAD "hereby initiates an investigation into the alleged dumping and consequent injury to the domestic industry...To determine the existence, degree and effect of any alleged dumping and to recommend the amount of anti-dumpingduty, which if levied would be adequate to remove the ‘injury’ to the domestic industry".

The period of investigation is from January 2013 to December 2013.

However, for the purpose of analysing injury, the data of previous three years of 2010-2011, 2011-12 and 2012-13 would also be considered, it said.

After the probe, DGAD, if needed, will recommend an anti-dumping duty and the Finance Ministry will impose it.

Heubach Colour Pvt Ltd has filed the application before the DGAD alleging dumping of the chemical.

Countries initiate an anti-dumping probe to determine whether their domestic industries have been hurt because of surge in cheap imports of any product. As a counter measure, they impose duties under the multilateral regime of the WTO.

The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a- vis foreign producers and exporters resorting to dumping of goods at below-cost rates.

EDITORIAL OF THE DAY

  • Gauging by the enormity of the coal scam, the convictions of three civil servants are hopefully just the beginning

    Zero tolerance against corruption must be the message that goes down the line with the CBI special court sentencing three top civil servants to two ye

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: Islam’s dance of death

It is a short walk between victim hood and blood ...

M S Swaminathan

Green revolution@50

The green revolution was a transformational event changing our agricultural ...

Zehra Naqvi

Mindful meditation in everyday life

Amid the vast multitude of tasks and huge amounts of ...