WTO Anti Dumping
Indian government has imposed anti-dumping duty on cheap imports of phosphoric acid from Israel and Taiwan for a period of five years.
The duty will be levied on all grades and concentrations of the acid, except for use in agriculture and fertiliser, according to the Department of Revenue.
The department further said that the anti-dumping duty imposed will be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of imposition of the provisional anti-dumping duty i.e, from the 13th January 2012, and shall be payable in Indian currency.
Earlier, the Revenue Department had imposed a provisional anti-dumping duty for six months.
Based on the final findings of the designated authority in the Commerce Ministry, the definitive anti-dumping duty has been imposed.
The investigation began after Gujarat Alkalies & Chemicals Ltd, Baroda, filed a petition seeking anti-dumping duty on phosphoric acid imports from Israel and Taiwan.
For imports from Israel, the anti-dumping duty has been pegged in the range of USD 174.06-194.51 per million tonne of the chemical. While in the case of Taiwan, the duty would be at USD 116.45 per million tonne.
India has also extended the anti- dumping duty levied on imports of non-radial tyres from China and Thailand for six months. This shall remain in force up to and inclusive of March 27, 2013.