New Delhi, Jun 2 (KNN) The government has imposed an anti-dumping duty on ‘Methylene Chloride’, a chemical used by pharma companies, from the US, EU and Korea for five years.
 
On recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD), the Revenue Department imposed anti-dumping “duty ranging between USD 0.21 and USD 0.36 per kg on import of ‘Methylene Chloride’, also known as ‘Dichloromethane’,” said a notification by the Central Board of Excise and Customs.
 
After the probe, DGAD had reached a conclusion that “the domestic industry has suffered material injury on account of subject (Methylene Chloride) imports from the subject countries (European Union, United States of America and Korea).
 
It recommended imposition of definitive anti-dumping duty on the import of the chemical.
 
The duty would be effective for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty, that is, October 21, 2013.
 
Methylene chloride is used in the manufacturing of polycarbonate and phenolic resins, rayon yarn, agro, fragrance and pharmaceuticals.  It is also used as an extract for edible fats, cocoa, butter and essences. (KNN/SD)