Anti-dumping duty on chemicals import from US, China
The Dollar Business Bureau In a bid to protect domestic makers from cheap imports, anti-dumping duty of $0.277- $0.404 per kg has been slapped on a compound that is utilized in the pharma industry, imported from China and the US. The CBEC (Central Board of Excise and Customs) has put the anti-dumping duty for five years on Methyl Acetoacetate imports from China and the US. The move came in after the recommendations from the regulatory body DGAD (Directorate General of Anti-dumping and Allied Duties). After examining the imports, the DGAD findings revealed that the domestic industry suffered because the chemical compound was being imported below the normal values. "The material injury has been caused by the dumped imports of subject goods from the subject countries,” ...
Increased duty drawback vital for exporters, says expert
Sai Nikesh | The Dollar Business Raising concerns over Indian government’s efforts to curb steel imports through increase of import duties and imposition of anti-dumping duties, the Engineering Export Promotion Council (EEPC) felt such moves would have a negative impact on engineering exports from India. Speaking to The Dollar Business, Anupam Shah, Chairman, Engineering Export Promotion Council (EEPC), India, said, “Government’s move to protect domestic steel industry through hikes in import duty and consistent efforts for anti-dumping measures should go hand-in-hand with commensurate increase in duty drawback to exporters.” Or else, the engineering exports this fiscal may fall well short of $71 billion in 2014-15, he noted. “With the domestic prices being influenced by such levies, the drawback rates should simultaneously go up,” ...
