18
Wednesday
July 2018
9:47 PM IST
News Headlines
Bolt poised for surprise trial with Aussie football club        Iceland coach steps down after 7 years in charge        Govt doubles import duty on over 50 textile products        Walmart partners with Microsoft for cloud solutions        Official: 54 released from Taliban prison in Afghanistan        Putin: US-Russia ties should not be held hostage to Mueller probe        Two dead, 3,500 relocated as rains lash parts of Gujarat        LJP raises Dalit issues in all-party, NDA meetings        SC asks Parliament to consider new law to deal with mob lynching        Court's duty to strike down law if it violates fundamental right: SC        After Kohli, assistant coach Bangar comes to Dhoni's defence        France set for heroes' welcome after thrilling World Cup win        Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar        May announces new 2 bn pounds UK-Italian fighter jet project        Russia targeted by almost '25 million cyber-attacks' during World Cup: Putin        Afghan official: Taliban kill 7 police in eastern province        Trump and Putin open historic summit        From April next year, national database for gun licence holders        SC refuses to stay new rules on health warning for tobacco products        CBI chargesheets Farooq Abdullah, three others in JKCA scam        
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Business News
Anti-dumping duty likely on Chinese chemical imports
 
New Delhi, Jan 2 (PTI) India is likely to impose anti- dumping duty of up to USD 397 per tonne on a Chinese chemical used in construction and dyes industry.

The move is aimed at guarding domestic players from cheap imports of 'Sulphonated Naphthalene Formaldehyde' from the neighbouring country.

Commerce ministry's investigation arm Directorate General of Antidumping and Allied Duties (DGAD) in its final findings has concluded that the product has been exported to India from China below its normal value and it has resulted in dumping.

"The domestic industry has suffered material injury due to dumping of the product," DGAD said in a notification.

It has recommended "imposition of definitive anti-dumping duty" for a period of five years to remove the injury to the domestic industry.

Himadri Speciality Chemical had filed the application for initiation of anti-dumping investigations.

While DGAD recommends the duty, the Finance Ministry imposes it.

Countries initiate anti-dumping probes to determine if the domestic industry has been hurt by a surge in below-cost imports.

As a counter-measure, they impose duties under the multi-lateral WTO regime.

Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry. They are not a measure to restrict imports or cause an unjustified increase in cost of products.

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.


Govt doubles import duty on over 50 textile products
Walmart partners with Microsoft for cloud solutions
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar
May announces new 2 bn pounds UK-Italian fighter jet project
Mukesh Ambani beats Alibaba's Jack Ma to become richest man in Asia
Rupee up 19 paise against dollar ahead of key macro data release
Sensex rallies 400 pts to hit record high; RIL shares surge 5%
US dollar ends cheaper against rupee
BSNL starts first internet telephony service in India
Silver futures harden by 0.19% on global cues
Passenger vehicle sales rise 38% in June; car sales up 34%
DoT clears Idea-Vodafone merger with conditions
Goyal asks Coal India to ensure supply for power sector
Higher MSP may have inflation, fiscal costs: Report
Modi govt needs to shed 'obsession' with economic growth: Jean Dreze
Will work closely with West Bengal for its progress: Prabhu
Mukesh Ambani announces high-speed broadband, Jio Phone 2 with WhatsApp, FB
Gadkari flags off taxi ambulance services
India expecting US to get in touch with it over sanctions on Iran
Nifty ends higher, hovers around 10,700-mark
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel  
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
INTERNATIONAL NEWS
Official: 54 released from Taliban prison in Afghanistan
 Kabul, Jul 17 (AP) An Afghan official says at least 54 people, including security personnel and civi
Putin: US-Russia ties should not be held hostage to Mueller probe
Russia targeted by almost '25 million cyber-attacks' during World Cup: Putin
Afghan official: Taliban kill 7 police in eastern province
NATIONAL NEWS
Two dead, 3,500 relocated as rains lash parts of Gujarat
 Rajkot/Ahmedabad, Jul 17 (PTI) Two persons, including a school boy, drowned as incessant rains lashe
LJP raises Dalit issues in all-party, NDA meetings
SC asks Parliament to consider new law to deal with mob lynching
From April next year, national database for gun licence holders
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