September 13, 2017 7:48 PM

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Govt imposes anti-dumping duty on chemical from 4 countries

Government has imposed an anti-dumping duty of up to 60.35 dollar per tonne for five years on a chemical used in fertiliser industry imported from Russia, Indonesia, Georgia and Iran. The move will help guard domestic players from below- cost imports of ammonium nitrate.<br/><br/>Two private firms had filed an application before the Directorate General of Anti-dumping and Allied Duties, DGAD for initiation of the anti-dumping investigations. The Finance Ministry imposed the duty after the DGAD in its finding concluded that the product has been exported to India from these countries below its normal value, resulting in dumping.

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