Dumping duty on select rubber chemicals from China

NEW DELHI, OCT. 23:

The Finance Ministry has imposed definitive anti-dumping duty on certain imported rubber chemicals namely ‘MBTS’ Dibenzothiazole disulphide from China. This anti-dumping duty will be valid for a period of five years with effect from October 20 this year,

The Revenue Department has now imposed the definitive anti-dumping duty based on a recommendation of the designated authority in the Commerce Ministry after a sunset review. A sunset review is aimed at revoking or continuing with or enhancing the existing definitive anti-dumping duty that was to run out its five-year period.

The National Organic Chemical Industries Ltd had filed the original complaint. MBTS is used in the manufacture of rubber products and as an accelerator finds wider application in the manufacture of automotive tyres, conveyor belts and footwear industry.

The Revenue Department has now imposed an anti-dumping duty of $0.23/kilogram on all MBTS imported from China. The same duty will be applicable even for MBTS produced from countries other than China and exported from China.

Source: http://www.thehindubusinessline.com/industry-and-economy/article2565312.ece