Govt plans to impose anti-dumping duty on bulk drug from Europe
Updated: Sep 05, 2013 03:06:53pm
New Delhi, Sept 5 (KNN) Batting for domestic drug manufacturers, the Commerce Ministry has plans to impose anti-dumping duty of up to USD 9.03 per kg on 'Bulk Drug Cefadroxil Monohydrate’, a raw material that is imported from a few European countries to manufacture drugs.
In its findings, the Directorate General of Anti-dumping and Allied Duties (DGAD) has recommended imposition of the duty on imports of 'Bulk Drug Cefadroxil Monohydrate' from European Union, said the Commerce Ministry said in a notification.
Bulk drug Cefadroxil Monohydrate is an active pharmaceutical ingredient (a raw material) used in the manufacturing of pharmaceutical formulations.
It is used on the prescription of a doctor to treat certain types of bacterial infections. It works by killing certain types of bacteria.
DGAD has made the recommendation due to increased imports of the drug and also because the chemical was being exported to India below its normal value from the European Union.
"...the Authority is of the view that imposition of definitive anti-dumping duty is required to offset dumping and consequent injury...the Authority recommends imposition of definitive anti-dumping...so as to remove the injury to the domestic industry," said the notification.
"It is noted that the imports from EU have recorded a significant increase in absolute terms during the injury period from 124.19 metric tonnes in 2007-08 to 287.25 metric tonnes during the period of investigation (April 2010 to September 2011)," it said. (KNN/SD)
In its findings, the Directorate General of Anti-dumping and Allied Duties (DGAD) has recommended imposition of the duty on imports of 'Bulk Drug Cefadroxil Monohydrate' from European Union, said the Commerce Ministry said in a notification.
Bulk drug Cefadroxil Monohydrate is an active pharmaceutical ingredient (a raw material) used in the manufacturing of pharmaceutical formulations.
It is used on the prescription of a doctor to treat certain types of bacterial infections. It works by killing certain types of bacteria.
DGAD has made the recommendation due to increased imports of the drug and also because the chemical was being exported to India below its normal value from the European Union.
"...the Authority is of the view that imposition of definitive anti-dumping duty is required to offset dumping and consequent injury...the Authority recommends imposition of definitive anti-dumping...so as to remove the injury to the domestic industry," said the notification.
"It is noted that the imports from EU have recorded a significant increase in absolute terms during the injury period from 124.19 metric tonnes in 2007-08 to 287.25 metric tonnes during the period of investigation (April 2010 to September 2011)," it said. (KNN/SD)
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