Dumping duty imposed on five products from China

The government has imposed anti-dumping duties on imports of five products from China at below normal prices to remove injury to local industry.

The products on which the duties have been imposed include Cellophane Transparent Film, Isopropyl Alcohol, Sulphur Black, Thermoplastic Polyurethane and Unframed Glass Mirror. These additional duties will be levied for five years.

On thermoplastic polyurethane which is extensively used in automotive industry, medical, electronics and other industrial purposes the duty of $ 1.58 per kg has been imposed. In the last financial year, India imported around $ 330 million worth of this key industrial raw material.

Also Read Other income rescues profits of early birds; operating margins of 164 firms shrink in Q2 Saving money on USD imports Vedanta receives order from Tuticorin Customs Office levying penalty and fine of Rs 102 crore Railway Board extends engagement scheme for ex-servicemen as gatemen for three more months

Also ReadHindustan Unilever to de-merge its ice cream business post board decision

On isopropyl alcohol – which has medical and industrial uses – the duty of up to $ 217 per metric tonne has been imposed. The isopropyl alcohol is used as an antiseptic for skin and instrumentation, and hand sanitiser. In Industry it is used as a solvent and last year’s imports of the commodity was $ 89.25 million.

The anti-dumping duty of cellophane transparent film, which is used as a packing material, has been kept at $ 1.34 per kg.In 2023-24 total imports of the products covered by the duties hovered around $ 60 million

Sulphur black, whose total imports in 2023-24 was $ 4.3 million, duty of $ 389 per metric tonne has been imposed. The commodity is used for dyeing textile, paper and leather .

On unframed glass mirrors the anti-dumping duty of $ 234 per metric tonne has been imposed. Total imports of this item last year was $ 25 million.

Also ReadBharat Electronics Q2 Results: Date, Time and Where to Access Earnings Report

The notification for anti-dumping duties on these five products was issued by the Central Board of Indirect Taxes and Customs, Department of Revenue. The decision was based on the recommendation of the Directorate General of Trade Remedies (DGTR) which investigated the complaints of below-cost imports by local producers of these products.

 » Read More

Related Articles

India Post to transform into large logistics firm

India Post, which has 150,000 rural post offices and 240,000 Dak Sewaks, will be repositioned to act as a catalyst for the rural economy, with its role being transformed as a large public logistics company. Also ReadTurn export challenges  into opportunities with strategic road map The department, which has a Payment Bank — India Post

More power to nuclear energy

In line with the industry expectations and the target of achieving net-zero, the government announced a series of policy reforms aimed at promoting nuclear energy adoption and strengthening of the country’s electricity distribution and transmission sector. Also ReadNestle India misses estimates on weak urban demand The government envisages a 100 gigawatt (GW) of nuclear energy

‘Emerging tech startups to get a boost,’ says Ritesh Agarwal

Among the various items on wish lists ahead of the 2025-26 Union Budget, the ones that truly stood out included a continued infrastructure push, the revitalisation of micro, small and medium enterprises (MSMEs), and greater incentives for startups and innovation — especially in the emerging sectors — which could boost employment and spur domestic growth.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

India Post to transform into large logistics firm

India Post, which has 150,000 rural post offices and 240,000 Dak Sewaks, will be repositioned to act as a catalyst for the rural economy, with its role being transformed as a large public logistics company. Also ReadTurn export challenges  into opportunities with strategic road map The department, which has a Payment Bank — India Post

More power to nuclear energy

In line with the industry expectations and the target of achieving net-zero, the government announced a series of policy reforms aimed at promoting nuclear energy adoption and strengthening of the country’s electricity distribution and transmission sector. Also ReadNestle India misses estimates on weak urban demand The government envisages a 100 gigawatt (GW) of nuclear energy

‘Emerging tech startups to get a boost,’ says Ritesh Agarwal

Among the various items on wish lists ahead of the 2025-26 Union Budget, the ones that truly stood out included a continued infrastructure push, the revitalisation of micro, small and medium enterprises (MSMEs), and greater incentives for startups and innovation — especially in the emerging sectors — which could boost employment and spur domestic growth.

Stocks To Watch: Nestle India, ONGC, AstraZeneca, Equitas SFB, Bandhan Bank, Hero MotoCorp, Biocon, GMDC, Sun Pharma

As the Union Finance Minister Nirmala Stiharaman is all set to present the Union Budget 2025-26  on February 01, GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty was trading

Budget 2025 Tax Calculator: Rs 8-12 lakh slab has 10% tax — So why is income up to Rs 12 lakh tax-free?

Many taxpayers are confused about Finance Minister Nirmala Sitharaman’s announcement that individuals earning up to Rs 12 lakh per annum will not have to pay any tax under the new tax regime. This confusion arises because, technically, the income between Rs 8 lakh and Rs 12 lakh falls under multiple tax slabs, with the upper