India has imposed an anti-dumping duty of up to USD 135.40 per tonne for a period of five years on imports of a chemical used in foam making from Thailand.
India has imposed an anti-dumping duty of up to USD 135.40 per tonne for a period of five years on imports of a chemical used in foam making from Thailand.
The move is aimed at protecting domestic players from cheap imports of 'Flexible Slabstock Polyol' from the South- East Asian country.
The application for the anti-dumping investigation was filed by Manali Petrochemicals Ltd on behalf of the domestic industry.
"The anti-dumping duty imposed...shall be effective for a period of five years," the Central Board of Excise and Customs (CBEC) has said in a notification.
In its findings of the dumping probe, the Directorate General of Anti-Dumping and Allied Duties (DGAD), under the commerce ministry, had concluded that the domestic industry has suffered injury due to the dumped imports from Thailand.
The chemical is used in the foam industry, which is used in upholstery, mattresses, pillows, transport seating and packaging.
Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a flooding of below- cost imports. As a counter-measure, they impose duties under the multi-lateral WTO regime.
Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry.
They are not a measure to restrict imports or cause an unjustified increase in cost of products.
The government has also imposed anti-dumping duties on several other products including steel items and certain chemicals.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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