<p>India may impose anti-dumping duty of up to USD 118 per tonne on import of a chemical used by industries in applications such as corrosion control and paper bleaching from six countries including Korea, Indonesia and Pakistan.<br /><br />The move is aimed at guarding domestic players from cheap imports of 'Hydrogen Peroxide' from Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand.<br /><br />The commerce ministry's investigating arm - Directorate General of Anti-dumping and Allied Duties (DGAD) - in its final findings has concluded that the chemical was dumped in India which has impacted the domestic industry.<br /><br />National Peroxide Ltd and Hindustan Organic Chemicals Ltd had jointly filed the application for the dumping probe.<br /><br />The DGAD in a notification "recommends imposition of anti-dumping duty" to remove the injury to the domestic industry.<br /><br />It has recommended the duty in the range of USD 16.91 per tonne to USD 117.9 per tonne. While the DGAD recommends the duty, Finance Ministry imposes the same.<br /><br />The import of Hydrogen Peroxide has increased to 67,300 tonne during April 2014 to June 2015 from 17,464 tonne in 2011 -12.<br /><br />The chemical is used by various industries for corrosion control, paper and pulp bleaching. It also has therapeutic uses as an antiseptic and antibacterial agent.<br /><br />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 the duty.<br /><br />These duties are in compliance to the rules of the global trade body World Trade Organisation.<br /><br />The duties also ensure fair trade by providing a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in the cost of products.<br /><br />Unlike the safeguard duty, which is levied in a uniform way, anti-dumping duty varies from company to company and country to country. <br /></p>
<p>India may impose anti-dumping duty of up to USD 118 per tonne on import of a chemical used by industries in applications such as corrosion control and paper bleaching from six countries including Korea, Indonesia and Pakistan.<br /><br />The move is aimed at guarding domestic players from cheap imports of 'Hydrogen Peroxide' from Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand.<br /><br />The commerce ministry's investigating arm - Directorate General of Anti-dumping and Allied Duties (DGAD) - in its final findings has concluded that the chemical was dumped in India which has impacted the domestic industry.<br /><br />National Peroxide Ltd and Hindustan Organic Chemicals Ltd had jointly filed the application for the dumping probe.<br /><br />The DGAD in a notification "recommends imposition of anti-dumping duty" to remove the injury to the domestic industry.<br /><br />It has recommended the duty in the range of USD 16.91 per tonne to USD 117.9 per tonne. While the DGAD recommends the duty, Finance Ministry imposes the same.<br /><br />The import of Hydrogen Peroxide has increased to 67,300 tonne during April 2014 to June 2015 from 17,464 tonne in 2011 -12.<br /><br />The chemical is used by various industries for corrosion control, paper and pulp bleaching. It also has therapeutic uses as an antiseptic and antibacterial agent.<br /><br />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 the duty.<br /><br />These duties are in compliance to the rules of the global trade body World Trade Organisation.<br /><br />The duties also ensure fair trade by providing a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in the cost of products.<br /><br />Unlike the safeguard duty, which is levied in a uniform way, anti-dumping duty varies from company to company and country to country. <br /></p>