Anti-Dumping Duties Proposed On Several Chemicals

(MENAFN- KNN India) New Delhi, Mar 25 (KNN) The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duties on imports of several chemical products from China, Russia, and Taiwan, according to a notice published on the trade body's website on March 21.

The recommendation specifically targets Acetonitrile, a chemical compound also known by alternative names including MeCN (Methyl Cyanide), Cyano methane, Ethane Nitrile, Ethyl Nitrile, and Methane Carbonitrile.

The proposed duty would be in effect for a period of five years and is designed to address potential market disruptions caused by imported products.

DGTR's investigation revealed that imports of Acetonitrile with 98 percent or lower purity are competing directly with the 99 percent purity acetonitrile produced by domestic manufacturers.

The trade body noted that imports from the subject countries have significantly increased during the investigation period compared to the preceding year, both in absolute and relative terms.

The proposed anti-dumping duty will be set at the lesser of two margins: the dumping margin and the injury margin. This approach aims to mitigate the negative impact on the domestic industry by addressing pricing disparities.

Specifically, the investigation found that import prices were below the selling prices of domestic manufacturers, resulting in what the DGTR termed 'positive price undercutting.'

In addition to Acetonitrile, the DGTR has also recommended anti-dumping duties on imports of Pretilachlor, a herbicide, and roller chains from China, signalling a broader approach to protecting domestic industrial interests.

The recommendation is now subject to further government review and potential implementation, which could have significant implications for international trade in these chemical products.

(KNN Bureau)

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