India has already imposed anti-dumping duties on several products. (Representative)
New Delhi:
India has initiated an anti-dumping investigation into imports of a chemical used in the rubber industry from China and Japan, following a complaint from a domestic player.
The Commerce Ministry’s Directorate General of Trade Remedies (DGTR) is investigating the alleged dumping of ‘insoluble sulphur’.
Oriental Carbon & Chemicals Ltd has applied to the authority to investigate the alleged dumping of chemicals from these two countries.
According to the DGTR notification, the applicant has provided prima facie evidence regarding the injury suffered by the domestic industry as a result of the dumped imports.
“The authority hereby initiates an anti-dumping investigation into the alleged dumping and the resulting material damage to the domestic industry,” the report said.
If the dumping is found to have caused significant injury to domestic players, the DGTR would recommend the imposition of anti-dumping duties on imports.
The Ministry of Finance makes the final decision to impose levies.
Anti-dumping investigations are conducted by countries to determine whether domestic industries have suffered injury due to a surge in cheap imports.
As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organization (WTO). The duty is aimed at ensuring fair trade practices and creating a level playing field for domestic producers compared to foreign producers and exporters.
India, China and Japan are members of the WTO, a multilateral trade organization with 166 members.
India has already imposed anti-dumping duties on several products to tackle cheap imports from several countries, including China
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