Anti Dumping Duty in IndiaAnti-dumping Duty on Chemical Import from China and Russia

June 7, 20160
Anti-dumping Duty on Chemical Import from China and Russia 
Anti-dumping duty of USD 122.14-279.78 per tonne has been levied on import of chemical i.e Methylene Chloride. This chemical is used in pharmaceutical and fragrance industry,
Methylene Chloride is used in the manufacturing of polycarbonate and phenolic resins, rayon yarn, pharmaceuticals, agro and fragrance. It is also used as an extractant for edible fats, cocoa, butter and essences.
Methyl Chloride Imports From China and Russia will attract anti dumping duty
Anti Dumping Duty On Import from China And Russia
The levy of anti dumping duty on the import of ‘Dichloromethane (Methylene Chloride)’ will be valid for  in place for a period of 5 years from December 2015 onwards .It has been levied after a recommendation for the same by Directorate General of Anti-Dumping and Allied Duties DGAD).
DGAD ,on the basis of complaint from Chemplast Sanmar and Gujarat Fluorochemicals , had initiated a probe, in 2015, to ascertain as to whether  the chemical was being dumped into India at below normal value or otherwise. The probe resulted that it was sold at lower price and hence the anti dumping duty has been levied finally on Methylene Chloride

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Current day month ye@r *

© 2020-21 AMLEGALS Law Firm in Ahmedabad, Mumbai, Kolkata, New Delhi, Bengaluru for IBC, GST, Arbitration, Contract, Due Diligence, Corporate Laws, IPR, White Collar Crime, Litigation & Startup Advisory, Legal Advisory.

 

Disclaimer & Confirmation As per the rules of the Bar Council of India, law firms are not permitted to solicit work and advertise. By clicking on the “I AGREE” button below, user acknowledges the following:
    • there has been no advertisements, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;
    • user wishes to gain more information about AMLEGALS and its attorneys for his/her own information and use;
  • the information about us is provided to the user on his/her specific request and any information obtained or materials downloaded from this website is completely at their own volition and any transmission, receipt or use of this site does not create any lawyer-client relationship; and that
  • We are not responsible for any reliance that a user places on such information and shall not be liable for any loss or damage caused due to any inaccuracy in or exclusion of any information, or its interpretation thereof.
However, the user is advised to confirm the veracity of the same from independent and expert sources.