The Economic Times daily newspaper is available online now.

    Govt extends anti-dumping duty for 3 months on caustic soda from China, Korea

    Synopsis

    Directorate General of Trade Remedies (DGTR) had requested for extension of the existing anti-dumping duty on the chemical imported from China and Korea.

    port_bccl
    The duty was first imposed on August 18, 2015 for five years.
    New Delhi: India extended anti-dumping duty on imports of caustic soda from China and Korea till November 2020. The duty was extended after considering the recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR), that had requested for extension of the existing anti-dumping duty on the chemical imported from China and Korea.

    "The anti-dumping duty imposed under this notification, with respect to People‟s Republic of China and Korea RP, shall remain in force up to and inclusive of the 17th November, 2020, unless revoked, superseded or amended earlier," the Central Board of Indirect Taxes and Customs (CBIC) said in a notification on Monday.

    The duty was first imposed in 2012 on a different set of countries to protect local industry from cheap foriegn imports. The duty was then imposed on material coming from China and Korea in 2015 for a period of five years.


    (You can now subscribe to our Economic Times WhatsApp channel)
    (Catch all the Business News, Breaking News, Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the ET ePaper online.

    ...more
    The Economic Times

    Stories you might be interested in