Latest news with #Acetonitrile
Time of India
27-06-2025
- Business
- Time of India
‘Material injury': India slaps 27-63% anti-dumping duties on these goods from China, Taiwan; check details
AI image India has imposed anti-dumping duties ranging from 27% to 63% on imports of plastic processing machines originating from China and Taiwan, following evidence that these goods were being sold in India at unfairly low prices, causing material harm to the domestic industry. The decision was notified by the ministry of finance through a gazette notification, as reported by the news agency ANI. The finance ministry concluded that the dumped imports were inflicting injury on Indian manufacturers, prompting the recommendation for a five-year anti-dumping levy on these products to safeguard local businesses and ensure fair market practices. 'The anti-dumping duty… shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of the notification,' the notification said. The duties will be collected in Indian currency and calculated based on the cost, insurance and freight (CIF) value of the imported goods. Anti-dumping duties are imposed when a country determines that imported goods are priced below their normal value and are harming the local industry. In such cases, the duty helps to bridge the price gap and create a level playing field. This move comes as part of a broader crackdown by India on unfairly priced imports, particularly from China. India has already imposed anti-dumping duties on six Chinese products this month, including herbicide raw material PEDA, pharmaceutical input Acetonitrile, Vitamin A Palmitate, Insoluble Sulphur, Potassium Tertiary Butoxide, and décor paper. The duties, recommended by the directorate general of trade remedies (DGTR), range from $481 per tonne for Acetonitrile to as high as $1,710 per tonne for Potassium Tertiary Butoxide. These actions align with India's strategy to strengthen domestic manufacturing while reducing reliance on imports, especially from China. India's trade deficit with China surged to a record $99.2 billion in 2024-25. Exports to China shrank by 14.5% during the year, while imports rose by over 11%, reaching $113.45 billion, according to news agency PTI. India, a member of the World Trade Organization (WTO), uses anti-dumping duties as a legitimate tool under the multilateral framework to protect its domestic industries from trade distortions caused by unfair pricing practices. The recent measures underscore the government's commitment to ensuring fair trade, and to boosting indigenous production capacity across sectors where imports have so far dominated. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
25-06-2025
- Business
- Business Standard
Alkyl Amines Chemicals surges 8% on healthy outlook; zooms 46% from May low
Alkyl Amines Chemicals share price: Shares of Alkyl Amines Chemicals hit an eight-month high of ₹2,368, surging 8 per cent on the BSE in Wednesday's intra-day trade amid heavy volumes on a healthy business outlook. The stock of specialty chemicals firm is trading at its highest level since October 2024. It had hit a 52-week high of ₹2,497.95 on September 19, 2024. The stock has bounced back 46 per cent from its previous month low of ₹1,622 touched on May 9, 2025. Thus far in the calendar year 2025, Alkyl Amines Chemicals has outperformed the market by gaining 28 per cent, as compared to a 5 per cent rise in the BSE Sensex. Track LIVE Stock Market Updates Here Alkyl Amines outlook Alkyl Amines Chemicals has established a leading position in the domestic market and a presence in the international market with a reputation for reliable service and quality products. For the financial year 2025-26, the management said the company's focus will continue on sustainable growth by taking measures for increasing its market share of existing products and also introducing new products. The company's customers in the agrochemicals and pharmaceuticals sectors continue to face global competition from Chinese manufacturers resulting in business uncertainty. This has impacted sales of the company's products to major customers. Dumping of low-price imports of Acetonitrile continues to increase, resulting in a reduction in its sales and creating margin pressures. Alkyl Amines Chemicals in its FY25 annual report, said that the company has applied for an anti-dumping duty on Acetonitrile imports and is awaiting approval from the Ministry of Finance. The company's sales to the US of total sales is around 4.5 per cent. Change in USA tariffs on some of the company's products may have an impact on volumes and margins for such sales. However, with the global growth of chemicals focused more on Asia, it is expected that there will be further growth in the chemical industry. In order to meet the growing demand for the company's products, a newly set up plant at an investment cost of ₹400 crore at its existing Kurkumbh site, Maharashtra, for enhancing the manufacturing capacity of Ethyl Amines is fully operational. During the financial year 2025-26, the management expects the company's investments in various other projects to add to both top-line and bottom-line. Brokerages' view on Alkyl Amines Chemicals Alkyl Amines Chemicals increased its research and development (R&D) spend to ₹890 crore in FY25 (0.6 per cent of sales), focusing on new product development, process efficiency, and sustainability. It has developed three new products, one set for launch in FY26, with a growing emphasis on value-added innovation and environmental impact reduction. The company expanded aliphatic amines capacity by ~30 per cent in FY24 and is entering higher margin specialty products. Motilal Oswal Financial Services estimates a revenue/EPS CAGR of 11 per cent/14 per cent over FY25- 27. However, pricing pressure from imports and certain commoditised products poses risks, the brokerage firm said. Management is hopeful of 10-15 per cent volume growth in FY26 but indicates pricing pressure may be sustained, due to overcapacity in the base amines segment. Alkyl Amines Chemicals has set an ₹150 crore FY26 capex target and expects the new products facility to be completed by December 2025-January 2026. Regarding anti-dumping duties on acetonitrile, management expects a favourable decision from the Ministry of Finance by late Q2FY26, analysts at Elara Capital said. The brokerage firm expects the company to continue to face margin pressure, due to overcapacity in ethyl amines and its specialty chemicals products. Therefore, analysts decrease EPS of FY26E by 3 per cent and FY27E by 9 per cent.
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Business Standard
24-06-2025
- Business
- Business Standard
India imposes anti-dumping duty on four Chinese chemicals this month
India has imposed anti-dumping duty on four Chinese chemicals so far this month to guard domestic players from unfairly priced imports from the neighbouring country. These duties were imposed on -- PEDA (used in herbicide); Acetonitrile (used in pharma sector); Vitamin -A Palmitate; and and Insoluble Sulphur. In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed will be levied for a period of five years on imports of these chemicals. The duties were imposed following recommendations for the same from the Directorate General of Trade Remedies (DGTR), an arm of the commerce ministry. While on PEDA, the duty will range from $1,305.6 to $2017.9 per tonne, a duty of up to $481 per tonne has been imposed on Acetonitrile imported from China, Russia and Taiwan. Similarly, the government has imposed a duty of up to $20.87 per Kg duty on Vitamin -A Palmitate imported from China, European Union and Switzerland; and up to $358 per tonne on import of Insoluble Sulphur, which is used in tyre industry, and imported from China and Japan. Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation (WTO). Both India and China are members of the multilateral organisations, which deals with global trade norms. 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. India is taking steps to boost domestic manufacturing and cut imports from China as the country's trade deficit with China widened to $99.2 billion during 2024-25. In the last fiscal, India's exports to China contracted 14.5 per cent to $14.25 billion as against $16.66 billion in 2023-24. The imports, however, rose by 11.52 per cent in 2024-25 to $113.45 billion against $101.73 billion in 2023-24.
Mint
24-06-2025
- Business
- Mint
India imposes anti-dumping duty on THESE Chinese chemicals; Here's how much they are increasing
India has imposed an anti-dumping duty on four Chinese chemicals in June so far so that domestic players with businesses in these areas can be safeguarded from unfairly priced imports from Beijing. The Central Board of Indirect Taxes and Customs, Department of Revenue, in separate notifications that the anti-dumping duty on the import of these four chemicals from China will be imposed for a period of five years. The authorities officially imposed the restrictions after the Directorate General of Trade Remedies (DGTR), an arm of the commerce ministry, made recommendations earlier to do the same. Also Read | India imposes 12% safeguard duty on steel imports Which chemicals will face anti-dumping duty? India imposed these anti-dumping duties four chemicals, including PEDA (which is used in herbicide); Acetonitrile (which is used in the pharma sector); Vitamin -A Palmitate, and Insoluble Sulphur. What will be the new duties? Here is a list of duties imposed by India on Chinese chemical imports – In case of herbicide chemical PEDA, the anti-dumping duty will range from ₹ 1,305.6 to ₹ 2017.9 per tonne, the government said in its notification. 1,305.6 to 2017.9 per tonne, the government said in its notification. A duty of up to ₹ 481 per tonne has been imposed on Acetonitrile imported from China, Russia and Taiwan, it said. 481 per tonne has been imposed on Acetonitrile imported from China, Russia and Taiwan, it said. Similarly, the government has imposed a duty of up to ₹ 20.87 per kilogram duty on Vitamin -A Palmitate imported from China, European Union and Switzerland. 20.87 per kilogram duty on Vitamin -A Palmitate imported from China, European Union and Switzerland. Lastly, an anti-dumoing futy of up to ₹ 358 per tonne on import of Insoluble Sulphur, which is used in tyre industry, and imported from China and Japan. Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation (WTO). Both India and China are members of the multilateral organisations, which deals with global trade norms. 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. India is taking steps to boost domestic manufacturing and cut imports from China as the country's trade deficit with China widened to USD 99.2 billion during 2024-25. In the last fiscal, India's exports to China contracted 14.5 per cent to ₹14.25 billion as against ₹16.66 billion in 2023-24. The imports, however, rose by 11.52 per cent in 2024-25 to ₹113.45 billion against ₹101.73 billion in 2023-24.
Time of India
24-06-2025
- Business
- Time of India
India imposes anti-dumping duty on four Chinese chemicals
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India has imposed anti-dumping duty on four Chinese chemicals so far this month to guard domestic players from unfairly priced imports from the neighbouring duties were imposed on -- PEDA (used in herbicide); Acetonitrile (used in pharma sector); Vitamin -A Palmitate; and and Insoluble separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed will be levied for a period of five years on imports of these duties were imposed following recommendations for the same from the Directorate General of Trade Remedies (DGTR), an arm of the commerce on PEDA, the duty will range from USD 1,305.6 to USD 2017.9 per tonne, a duty of up to USD 481 per tonne has been imposed on Acetonitrile imported from China, Russia and the government has imposed a duty of up to USD 20.87 per Kg duty on Vitamin -A Palmitate imported from China, European Union and Switzerland; and up to USD 358 per tonne on import of Insoluble Sulphur, which is used in tyre industry, and imported from China and probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organisation (WTO). Both India and China are members of the multilateral organisations, which deals with global trade duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and is taking steps to boost domestic manufacturing and cut imports from China as the country's trade deficit with China widened to USD 99.2 billion during the last fiscal, India's exports to China contracted 14.5 per cent to USD 14.25 billion as against USD 16.66 billion in 2023-24. The imports, however, rose by 11.52 per cent in 2024-25 to USD 113.45 billion against USD 101.73 billion in 2023-24.
