India Imposed Anti Dumping Duty on Chemical Aluminum Imported by China
One of the Latest International News is that on May 18 2017 India imposed Anti Dumping Duty on Chemical Aluminum which was imported by our Neighborhood country China. Chinese Chemical was used in Pharma industry and Aluminum Foil to protect the domestic industry from Cheap imports 1.63 $ per kg Anti dumping duty was particularly imposed Aluminum foil and 8.71 us Dollar duty was imposed on imports of amoxicillin which mainly used in Pharmaceutical field where medicine and other chemical products are prepared. Most important thing about this Anti Dumping duty is that it will effective for 5 years.
Government of India Imposed Anti Dumping on Plastic Processing Imports
Directorate of general of anti Dumping had concluded that These Products were dumped into India and that has caused of injury of material to the domestic Industry. This year Ruling Government of India is strict about These kind of Imported Products like aluminum , amoxicillin which are used in various Industries like Pharmaceutical etc. Duration of this duty is minimum five years. Purpose of this kind of duty is to protect domestic industry from cheap cheap imports and definitely it will affect the economy of India. Duty on clear float Glass is $ 55.5 per tonne and Aluminum Radiator $22.89 per tonne.