China imports of herbicides are subject to an anti-dumping duty levied by India. The government has placed a five-year anti-dumping charge on the widely used chemical pretilachlor and its related products, according to a notification from the Finance Ministry.
According to the Finance Ministry, dumping has occurred because the relevant items were exported to India at a lower price than their usual worth. The Finance Ministry also noted that the landing price of imports is undercutting domestic industry pricing and is lower than the selling price of the domestic industry. Additionally, the ministry claimed that the subject herbicides disposal had seriously harmed India's domestic sector. In order to safeguard India's domestic industry, the ministry stated that it has suggested imposing an anti-dumping charge on pretilachlor and its related forms that are produced or exported from china. The anti-dumping duty imposed on Pretilachlor ranges from $1246 to $2017 per metric ton of product.
Also Read: India Imposes 5 Year Anti-Dumping Duties on Key Chemical Import
“The recent imposition of anti-dumping duties on select Chinese imports is a timely and essential move to ensure a level playing field for India’s manufacturing sector,” says Maninder Singh, Founder & CEO, CEF Group. Singh adds that for the domestic manufacturers, these actions go beyond mere protection, and they foster an environment where innovation can thrive and secure livelihoods for countless families.
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