Govt imposes anti-dumping duty on Chinese chemical used in photography and manufacturing of dyes
New Delhi, Jan 28 (KNN) The government has imposed an anti-dumping duty on a chemical from China, used in photography and manufacturing of dyes, in the range USD 573.92-USD 1,015.44 a tonne for five years to protect domestic producers of the chemical intermediate from cheap shipments.
It is for the second time in a row that anti-dumping duty has been imposed on the import of the chemical from China. The duty was to expire in March 2019.
The levy has been imposed after the Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industry, made a recommendation for the same, according to a notification of the Central Board of Indirect Taxes and Customs (CBIC).
Meta Phenylenediamine (MPDA) imported from China is a chemical intermediate used for manufacturing dyes, engineering polymer and in photography and medical applications.
The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers with regard to foreign producers and exporters.