India Considering Anti-Dumping Duty On Acrylic Fibre From Five Countries

Trade & Policy

India Considering Anti-Dumping Duty On Acrylic Fibre From Five Countries

India is considering imposition of anti-dumping duty on acrylic fibre after a Union Commerce Ministry probe on imports of this commodity from the European Union, China, Belarus, Ukraine and Peru.

The Union Commerce Ministry’s anti-dumping investigation arm, Directorate General of Anti-dumping and Allied Duties (DGAD), has found evidence of dumping of acrylic fibre from these regions, after Indian Acrylics Ltd and Pasupati Acrylon jointly filed a complaint.

The directorate has initiated an investigation into the alleged dumping and consequent injury to the domestic industry, according to DGAD notification.

Anti-dumping duties are levied to provide a level playing field to local industry by guarding against cheap below-cost imports.

The DGAD is also probing dumping of several other products such as certain chemicals from China.

Countries dump products in India as it is one of the most attractive markets for global producers due to its large middle-class population.

Imposition of anti-dumping duty is permissible under the World Trade Organisation (WTO) regime. Both India and China are members of the Geneva-based body.

The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a- vis foreign producers and exporters.