It has been found that ‘Purified Terephthalic Acid’ has been exported to India from China, Iran, Indonesia, Malaysia and Taiwan below its normal value which has resulted in dumping, according to the Directorate General of Anti-Dumping and Allied Duties (DGAD).
To protect domestic players, India likely to impose anti-dumping duty of up to 168.76 US dollar per tonne on imports of a chemical, mainly used in textile from five countries.
While DGAD recommends the duty, the finance ministry imposes it. Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.
Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. To counter it they impose duties under the multi-lateral WTO regime.
The DGAD considers it necessary to impose the duty on the imports. It has recommended an anti-dumping duty in the range of 83.08 US dollar per tonne to 168.76 US dollar per tonne on the imports.
