JUNE 20258INDIA IMPOSES 5 YEAR ANTI-DUMPING DUTIES ON KEY CHEMICAL IMPORTMICRON & AEQUS TO SET UP SEZS IN INDIA AFTER POLICY REFORMSImports of insoluble sulfur and vitamin A palmitate from China, Japan, Switzerland, and the European Union (EU) are subject to anti-dumping tariffs levied by the Indian government. The goal of the action is to shield homegrown producers from cheap imports that hurt the regional economy.In a statement released late Friday, the finance ministry announced the duties, which will be in effect for five years. The Indian government's Special Economic Zone (SEZ) Board has given the green light to Micron Semiconductor Technology India and Aequs Group to build SEZs for The ruling comes after the Directorate General of Trade Remedies (DGTR) conducted investigations and discovered that both chemicals were undercutting Indian producers by being sold to India at unreasonably cheap prices, either below their fair market value or below their cost.The Indian government has enacted anti-dumping duties on the importation of Vitamin-A Palmitate and Insoluble Sulphur from China, Japan, Switzerland, and the European Union (EU). This action is intended to safeguard domestic manufacturers from the impact of low-priced imports that threaten the local industry.The duties, which are set to remain effective for a period of five years, were disclosed by the finance ministry in a notification released late on Friday. This decision is a result of investigations conducted by the Directorate General of Trade Remedies (DGTR), which determined that both substances were being exported to India at unfairly low prices, either below production costs or beneath their fair market value, thus undermining Indian producers. Nevertheless, Vitamin-A Palmitate at a strength of 1.6 MIU/Gm, utilized in animal feed, has been exempted from the duty. According to data from the commerce ministry, India imported $48.6 million worth of Vitamin-A Palmitate during the financial year 2024-25, with the majority of imports coming from China and Europe. semiconductor and electronics manufacturing. It illustrates how the Indian electronics industry is gaining strength with recent policy changes.Micron plans to create a 37.64-hectare SEZ in Sanand, Gujarat, at a cost of Rs 13,000 crore, to help improve the county's semiconductor capabilities. On the other hand, Aequs will spend Rs 100 crore to create an 11.55-hectare SEZ in Dharwad, Karnataka, dedicated to making electronic components.The government's update of SEZ regulations is what led to the granting of these recent approvals. Reducing the minimum area land needed to start production in semiconductor or electronics-centered SEZs from 50 hectares to just 10 hectares is a major change. This move allows new-age tech companies to take part more easily in financial markets.Regulatory revisions now allow land to be used without encumbrance, make it easier for SEZ units to sell to the market when they pay applicable duties, and consider free-of-cost products when calculating net foreign exchange (NFE) based on industry and business needs.By updating regulations for electronics and semiconductors, the government is making it simpler for businesses worldwide and in India to join its manufacturing sector. TOP STORIES· Micron and Aequs got SEZ approval, boosting local tech manufacturing.· SEZ land rules were eased to attract more high-tech investments.· New norms support easier domestic sales and export flexibility.TOP STORIES
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