Press Esc to close
Thursday 30 June 2016
News updated at 3:05 AM IST
Weather
Max: 26.3°C
Min : 20.6°C
In Bengaluru
Rain lightly

Government initiates probe into dumping of a chemical by China

New Delhi, Nov 27, 2012, (PTI):

India has initiated a probe into alleged dumping of a chemical, used in semiconductors and fertilisers, by China following complaints by domestic players.

The Commerce Ministry's designated authority, the Directorate General of Anti-Dumping and Allied Duties (DGAD), has begun an investigation into alleged dumping of "Red Phosphorous".

Tamil Nadu-based Metal Powder Company Ltd and Mumbai-based United Phosphorus Ltd had filed the application for investigation.

In a notification, the DGAD has said the petitioners have provided sufficient evidence that the normal value of the chemical in China is significantly higher than the net export price.

The evidences have prima-facie indicated that the product is being dumped from the neighbouring country, it said.

"The Authority (DGAD) considers that there is sufficient evidence of injury being suffered by the petitioners caused by dumped imports from the subject country (China) to justify initiation of an anti-dumping investigation," it said.

The period of investigation is from April 2011 to March 2012. However, for the purpose of analysing injury, the data of previous three years of 2008-2009, 2009-2010 and 2010-2011 would also be considered, it added.

After completion of the probe, the DGAD, if needed, would recommend the duty and the finance ministry would impose it.

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.

Unlike the safeguard duty, which is levied in a uniform way, anti-dumping duty varies from product to product and country to country.

India has initiated 275 anti-dumping investigations between 1992 and March 2012, involving 42 countries.

The countries prominently figuring in anti-dumping investigations are China, Korea and Singapore and the major product categories on which anti-dumping duty has been levied are chemicals and petrochemicals, pharmaceutical, steel and consumer goods.


Go to Top

Photo Gallery
Villagers looking at a one horned rhinoceros that strayed in...

Villagers looking at a one horned rhinoceros that strayed in...

Bollywood actor Irrfan Khan during the Pro Kabaddi match between Jaipur....

Bollywood actor Irrfan Khan during the Pro Kabaddi match between Jaipur....

Illuminated Mysuru Palace during the marriage....

Illuminated Mysuru Palace during the marriage....

Vice President Hamid Ansari, Congress...

Vice President Hamid Ansari, Congress...

Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Horse-mounted Policemen seen at a road in Kolkata...

Horse-mounted Policemen seen at a road in Kolkata...

An egret takes off in New Delhi on Tuesday...

An egret takes off in New Delhi on Tuesday...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523