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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.
Business Standard
09-06-2025
- Business
- Business Standard
OCCL spurts on likelly boost from anti-dumping duties on Insoluble Sulphur imports
OCCL surged 16.24% to Rs 118.98 after the Indian government has imposed anti-dumping duties on imports of Insoluble Sulphur originating from China and Japan. This decision, formalized through a Gazette notification dated 6 June 2025, is expected to favorably impact OCCL, a leading producer of this critical rubber additive. The Directorate General of Trade Remedies (DGTR) had earlier recommended these duties to counteract the influx of low-priced imports that were undermining local producers. The Ministry of Finance's Department of Revenue has now acted on this recommendation, aiming to curb unfair trade practices and support domestic industry growth. As per the notification, the anti-dumping duty will remain in force for five yearsunless amended, revoked, or superseded earlierand will be payable in Indian currency. While the exact financial implications are yet to be determined, OCCL anticipates a significant positive impact on its performance. The company believes that the duties will help offset the adverse effects of dumped imports. However, it notes that the full extent of the benefits will depend on several factors, including the response from the affected exporting countries and broader geopolitical dynamics. OCCL manufactures Insoluble Sulphur, Sulphuric Acid, and Oleums. Insoluble Sulphur is primarily used as a vulcanising agent in applications requiring sulphur levels beyond the solubility limit of specific elastomers. OCCL produces it in various grades to meet the diverse compounding needs of leading tyre manufacturers. Sulphuric Acid and Oleums serve multiple roles,such as dehydrating agents, catalysts, active reactants, solvents, and absorbentsacross industries including storage batteries, rayon, dyes, detergents, pharmaceuticals, steel, heavy chemicals, and superphosphates, with specific formulations tailored for battery and commercial-grade uses. On a standalone basis, OCCL's net profit surged 66% to Rs 8.7 crore while total income from operations rose 12% to Rs 108.5 crore in Q4 March 2025 over Q3 December 2024.
Time of India
07-06-2025
- Business
- Time of India
India hits China, Japan and EU with fresh anti-dumping duties on vitamin and rubber chemical imports
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Indian government has imposed anti-dumping duties on imports of Vitamin-A Palmitate and Insoluble Sulphur from China, Japan, Switzerland and the European Union (EU). The move aims to protect domestic manufacturers from low-priced imports that affect the local duties, which will remain in place for five years, were announced by the finance ministry in a notification issued late on Friday. The decision follows investigations by the Directorate General of Trade Remedies (DGTR), which found that both substances were being exported to India at unfairly low prices, either below cost or under their fair market value, thereby undercutting Indian products are essential to major industries in India. Vitamin-A Palmitate is used in pharmaceuticals, food, and cosmetics, while Insoluble Sulphur plays a key role in tyre manufacturing In its findings, the DGTR said there was 'material injury' to domestic producers of Vitamin-A Palmitate due to large-scale dumping from China, the EU and Switzerland. The compound, commonly used in small quantities, remains heavily import-dependent in duties, which take effect immediately, will range from $0.87 to $20.87 per kilogram. Chinese exporters other than Shangyu NHU BioChem Co. Ltd. will face the highest duty of $20.87/kg. Shangyu NHU BioChem will be subject to a lower duty of $14.95/kg. Swiss company DSM Nutritional Products Ltd. will attract a duty of $0.87/kg, while all other Swiss exporters will face $8.2/kg. Imports from the EU will be charged a flat rate of $11.09/ Vitamin-A Palmitate in the strength of 1.6 MIU/Gm, used in animal feed, has been excluded from the imported $48.6 million worth of Vitamin-A Palmitate in the financial year 2024-25, with most of it sourced from China and Europe, according to commerce ministry duties must be paid in Indian rupees, based on the exchange rate notified by the Revenue Department on the date the bill of entry is a related move, the government also imposed five-year anti-dumping duties on imports of Insoluble Sulphur from China and Japan. This compound is mainly used by tyre manufacturers to improve rubber vulcanisation. DGTR investigations revealed that exporters from both countries had been dumping the product at low prices, affecting the profitability and pricing strength of Indian on the exporter, the duties on Insoluble Sulphur will range from $259 to $358 per metric tonne. Chinese imports will face a flat duty of $307/MT. Among Japanese companies, Shikoku Chemicals will be charged $259/MT, while all other Japanese exporters will face the maximum rate of $358/MT.
Business Standard
07-06-2025
- Business
- Business Standard
OCCL sees major boost from anti-dumping duties on Insoluble Sulphur imports
The Indian government has imposed anti-dumping duties on imports of Insoluble Sulphur originating from China and Japan. This decision, formalized through a Gazette notification dated 6 June 2025, is expected to favorably impact OCCL, a leading producer of this critical rubber additive. The Directorate General of Trade Remedies (DGTR) had earlier recommended these duties to counteract the influx of low-priced imports that were undermining local producers. The Ministry of Finance's Department of Revenue has now acted on this recommendation, aiming to curb unfair trade practices and support domestic industry growth. As per the notification, the anti-dumping duty will remain in force for five yearsunless amended, revoked, or superseded earlierand will be payable in Indian currency. While the exact financial implications are yet to be determined, OCCL anticipates a significant positive impact on its performance. The company believes that the duties will help offset the adverse effects of dumped imports. However, it notes that the full extent of the benefits will depend on several factors, including the response from the affected exporting countries and broader geopolitical dynamics. OCCL manufactures Insoluble Sulphur, Sulphuric Acid, and Oleums. Insoluble Sulphur is primarily used as a vulcanising agent in applications requiring sulphur levels beyond the solubility limit of specific elastomers. OCCL produces it in various grades to meet the diverse compounding needs of leading tyre manufacturers. Sulphuric Acid and Oleums serve multiple roles,such as dehydrating agents, catalysts, active reactants, solvents, and absorbentsacross industries including storage batteries, rayon, dyes, detergents, pharmaceuticals, steel, heavy chemicals, and superphosphates, with specific formulations tailored for battery and commercial-grade uses. On a standalone basis, OCCL's net profit surged 66% to Rs 8.7 crore while total income from operations rose 12% to Rs 108.5 crore in Q4 March 2025 over Q3 December 2024.
