The government is likely to impose anti-dumping duty on a Chinese antibiotic. The commerce ministry's investigation arm Directorate General of Anti-Dumping and Allied Duties,DGAD has recommended levy of up to 9.48 dollar per kg in its final findings. The DGAD has concluded in its probe that Ofloxacin has been exported to India from China below its normal value, which has resulted in dumping. The DGAD has said in a notification, that the domestic industry has suffered material injury due to this dumping. The authority said, it necessary to recommend imposition of the duty on the imports for a period of three years only.Ofloxacin is used to treat certain infections including bronchitis, pneumonia, and infections of the skin, bladder, urinary tract, reproductive organs, and prostate gland.
News On AIR | December 27, 2017 6:12 PM
Govt likely to impose anti-dumping duty on a Chinese antibiotic