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

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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 the 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Republic of China and Korea RP, shall remain in force up to and inclusive of the 17th November, 2020, unless revoked, superseded or amended earlier,” the Central Board of Indirect Taxes and Customs (CBIC) said in a notification on Monday.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.

The Notification can be accessed at: https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2020/cs-add2020/csadd25-2020.pdf

Read More at: https://economictimes.indiatimes.com/news/economy/foreign-trade/govt-extends-anti-dumping-duty-for-3-months-on-caustic-soda-from-china-korea/articleshow/77597129.cms

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