DGAD initiates anti-dumping probe on chemical from Brazil, Thailand, Indonesia used in paint, leather industry
New Delhi, Apr 16 (KNN) The Directorate General of Antidumping and Allied Duties (DGAD) has initiated probe into alleged dumping of a chemical used in paint and leather industry from Brazil, Indonesia and Thailand after receiving complaints from a domestic player.
The product is a flammable compound and it is used in the manufacture of wood lacquers, auto refinish paints, leather finishing lacquers, nail varnishes and printing inks.
DGAD has said that it has found sufficient evidence of dumping of 'non-plasticised industrial grade nitrocellulose excluding nitrocellulose damped in Ethanol and waterwet' from these three countries.
"The authority hereby initiates an investigation into the alleged dumping, and consequent injury to the domestic industry," DGAD has said in a notification.
After the probe, if it is established that dumping has caused material injury to domestic players, the DGAD would recommend imposition of anti-dumping duty on the imports of the chemical from these nations.
Nitrex Chemicals India Ltd had filed an application for initiation of the probe and imposition of the duty.
The anti-dumping duties are levied to ensure fair trade practices for both domestic manufacturers as well as exports of the same item. (KNN Bureau)