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    Home > Chemicals Industry > China Chemical > India imposes anti-dumping duties on China's phosphorus pentoxide

    India imposes anti-dumping duties on China's phosphorus pentoxide

    • Last Update: 2021-08-27
    • Source: Internet
    • Author: User
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    According to the Indian media, the Indian tax authorities imposed anti-dumping duties on a chemical imported from China to protect domestic manufacturers
    .

    According to a report on the website of the Press Trust of India on April 8, according to the notice of the Central Committee of Indian Consumption Tax and Customs, anti-dumping duties were imposed on phosphorus pentoxide imported from China for a period of five years
    .

    Phosphorus pentoxide is a powerful desiccant and dehydrating agent, and also a useful substrate and reagent in the chemical industry
    .

    According to the report, in accordance with the lawsuit of Sandia Dyestuffs and Chemicals Company of India, the Anti-dumping and Joint Customs Administration launched an investigation into the import of this chemical to determine whether these imports harm domestic manufacturers of this chemical
    .

    According to the report, this investigation aims to determine the "existence, extent and impact" of the so-called dumping and to make recommendations on the amount of anti-dumping duties
    .
    If this tariff is imposed, it will be enough to remove the harm to India's domestic industry


    .


    According to the report, after the investigation, the Anti-dumping and Joint Customs Administration concluded that this chemical was exported to India at a lower price than normal, and that the domestic industry was severely injured due to import dumping
    .

    Based on the recommendations of the bureau, the taxation department decided to impose anti-dumping duties on phosphorus pentoxide imported from China
    .

    According to Indian media, many countries around the world are embarking on anti-dumping investigations to determine whether domestic industries are affected by the influx of low-cost imports
    .
    As an anti-dumping measure, they impose tariffs on imported goods in accordance with multilateral WTO regulations


    .


    The report also stated that the anti-dumping measures were taken to ensure fair trade and to provide a level playing field for the domestic industry, not to restrict imports or increase the cost of such products for no reason


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