India has initiated a probe into alleged dumping of a chemical, mainly used in photography and medical applications, by China following complaints by domestic players. The Commerce Ministry's designated authority, the Directorate General of Anti-Dumping and Allied Duties, DGDA has started an investigation into alleged dumping of 'Meta Phenylene Diamine'. In a notification, the DGAD said that it has sufficient evidence of dumping of the product from China to justify initiation of an anti-dumping investigation. It will determine the existence, degree and effect of any alleged dumping and to recommend the amount of anti-dumping duty, which, if levied, would be adequate to remove the injury to the domestic industry. After completion of the probe, the commerce ministry would recommend the duty and the finance ministry would impose the restrictive duty.
News On AIR | July 15, 2012 8:26 PM
Probe initiated into dumping of chemical by China