The government has imposed anti-dumping duties on imports of five products from China at below normal prices to remove injury to local industry.
The products on which the duties have been imposed include Cellophane Transparent Film, Isopropyl Alcohol, Sulphur Black, Thermoplastic Polyurethane and Unframed Glass Mirror. These additional duties will be levied for five years.
On thermoplastic polyurethane which is extensively used in automotive industry, medical, electronics and other industrial purposes the duty of $ 1.58 per kg has been imposed. In the last financial year, India imported around $ 330 million worth of this key industrial raw material.
On isopropyl alcohol – which has medical and industrial uses – the duty of up to $ 217 per metric tonne has been imposed. The isopropyl alcohol is used as an antiseptic for skin and instrumentation, and hand sanitiser. In Industry it is used as a solvent and last year’s imports of the commodity was $ 89.25 million.
The anti-dumping duty of cellophane transparent film, which is used as a packing material, has been kept at $ 1.34 per kg.In 2023-24 total imports of the products covered by the duties hovered around $ 60 million
Sulphur black, whose total imports in 2023-24 was $ 4.3 million, duty of $ 389 per metric tonne has been imposed. The commodity is used for dyeing textile, paper and leather .
On unframed glass mirrors the anti-dumping duty of $ 234 per metric tonne has been imposed. Total imports of this item last year was $ 25 million.
The notification for anti-dumping duties on these five products was issued by the Central Board of Indirect Taxes and Customs, Department of Revenue. The decision was based on the recommendation of the Directorate General of Trade Remedies (DGTR) which investigated the complaints of below-cost imports by local producers of these products.
From: financialexpress
Financial News
