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The anti-dumping duty investigation was carried on the imports of "Diketopyrrolo Pyrrole Pigment Red 254" originating in or exported from China and Switzerland.
The Directorate General of Anti-dumping and Allied Duties (DGAD), in its final findings of the investigation has concluded that the pigment has been exported to India from these two countries below the normal value which has resulted in dumping of the product.
"The authority (DGAD) is of the view that imposition of anti-dumping duty is required to offset dumping and injury. Therefore, the authority considers it necessary to recommend imposition of definitive anti-dumping duty on (the) imports...," a notification of the Commerce Ministry said.
The recommended anti-dumping duty ranges between USD 3.61 per kg and USD 7.58 per kg.
Anti-dumping duty is recommended by the Commerce Ministry, while the Finance Ministry imposes it.
Imports from China have increased enormously from 7,563 kg during 2010-11 to 48,620 kg during period of investigation (January 2013 to December 2013).
Similarly, imports from Switzerland have increased from 18,140 kg during 2010-11 to 26,220 kg during the period.
The product is widely used as a high performance pigment in waterborne paints, power coatings. It also used in automotive and industrial paint applications.
Unlike safeguard duties, which are levied in a uniform way, anti-dumping duties vary from product to product and from country to country.
Countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below- cost imports.
As a counter-measure, they impose duties under the multilateral WTO regime.
