Related Keywords: CBEC, chemical being dumped into India, DGAD, duties imposed under multi-lateral WTO regime, imports of the chemical from the five countries, imposed import restrictive tax, Indian revenue department, on chemicals used in textile industry, Purified terephthalic acid, to protect domestic manufacturers, unjustified increase in cost of products
The Revenue Department on recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD), has imposed import restrictive tax on chemicals (Purified Terephthalic Acid) used in textile industry for five years, said a notification of Central Board of Excise and Customs (CBEC).
The imports of the chemical from the five countries (China, Iran, Indonesia, Malaysia and Taiwan) will attract anti-dumping duty in the range of USD 83.08 per tonne to USD 168.76 per tone, to protect domestic manufacturers.
