Government has extended antidumping duty on certain rubber chemicals imported from China in a bid to protect domestic players from cheap inbound shipments.
In October 2011, the finance ministry had imposed an anti-dumping duty of USD 0.23 per kg on imports of certain "rubber chemicals, namely (MBTS) Dibenzothiazole disulphide" from China. The duty was imposed for a period of five years.
Amending this notification, the Department of Revenue has said that "this notification shall remain in force up to and inclusive of the 19th day of October, 2017, unless revoked earlier."
National Organic Chemicals Industries had filed the application for initiation of anti-dumping investigation on the imports.
Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports. As a counter-measure, they impose duties under the multi-lateral WTO regime.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.
