Anti-dumping duty on chemical imported from US, EU, Korea

NEW DELHI The government has imposed anti-dumping duty ranging between $0.21 and $0.36 per kg on import of a chemical used by pharma companies from the US, the EU and Korea for five years to protect the domestic industry.

The Revenue Department imposed the anti-dumping duty on ‘Methylene Chloride’ also known as ‘Dichloromethane’ on recommendations of the Directorate General of Anti Dumping & Allied Duties (DGAD).

The duty range between $0.21 and $0.36 per kg, said a notification by the Cental Board of Excise and Customs. After a probe into imports, the DGAD had reached a conclusion that "the domestic industry has suffered material injury on account of subject (Methylene Chloride) imports from the subject countries (European Union, United States of America and Korea)". It recommended imposition of definitive anti-dumping duty on the import of the chemical.