Antidumping duty likely on chemical from 5 countries

Government is expected to impose anti-dumping duty of up to USD 149 per tonne on imports of a chemical used in coating industries from five countries including Singapore, European Union and the US.
The move is aimed at protecting the domestic industry from cheap in-bound shipments of "Normal Butanol or N-Butyl Alcohol" from these countries.
The Directorate General of Anti-dumping and Allied Duties (DGAD) in its investigation has said that the export price of the chemical exported from European Union (EU), Malaysia, Singapore, South Africa and the US are below normal value, "thus establishing dumping" of the product.
"... The authority considers it necessary to recommend imposition of antidumping duty on imports of (the) goods from the subject countries," the DGAD said in a notification.

The restrictive duty recommended was in the range of USD 13.24 per tonne to USD 149.31 per tonne.
While DGAD recommends the duty, the Finance Ministry imposes it.

The Andhra Petrochemicals Ltd had filed an application for initiation of anti-dumping duty investigation.
Imports of the chemical from these countries has increased to 53.195 tonnes in 2013-14 from 19,297 tonnes in 2010-11.
Countries start anti-dumping probes to determine whether their domestic industries have been hurt because of a surge in cheap imports. As a counter measure, they impose duties under the multilateral regime of WTO.
The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.

India has already imposed an anti-dumping duty on several products, to tackle cheap imports from countries, including China.