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Govt to not prolong anti-dumping obligation on Chinese paracetamol; says no proof to determine imports damage home trade

New Delhi: The authorities is not going to prolong anti-dumping obligation on imports of Chinese paracetamol, utilized in medicines, because...

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Govt not to extend anti-dumping duty on Chinese paracetamol; says no proof to establish imports hurt domestic industry


New Delhi: The authorities is not going to prolong anti-dumping obligation on imports of Chinese paracetamol, utilized in medicines, because the home trade has failed to supply proof that the expiry of the levy would lead to dumping.

After concluding its probe, the commerce ministry’s investigation arm for dumping of products, the directorate normal of commerce treatments (DGTR) has stated that it doesn’t advocate continuation of the anti-dumping obligation on the imports of paracetamol from China.

“The authority holds that domestic industry failed to provide any satisfactory evidence that the expiry of the said anti-dumping duty is likely to lead to continuation or recurrence of dumping and injury to the domestic industry,” the DGTR stated in a notification.

Image for representation only. Reuters image

Representational picture. Reuters.

The finance ministry has first imposed anti-dumping obligation on the product in 2002, then prolonged in 2007 after which once more in October 2013 for 5 years.

The anti-dumping obligation was led to October 2018. Before expiry of this obligation, the home trade in May 2018 approached the directorate to hunt continuation of the levy.

The utility for continued imposition of the duties was filed by Farmson Pharmaceuticals Gujarat and Krishna Pharmaceuticals.

Due to the initiation of the probe, in August 2018, the validity of the obligation was prolonged by the federal government as much as 24 May, 2019.

“Evidence on record does not indicate that the dumped imports from China will lead to injury to the domestic industry,” it stated, including that the imports from China have remained at insignificant stage all through the damage interval (2014-18).

It stated the anti-dumping obligation “was in force since September 2001 and the condition of domestic industry has improved. Therefore, the duty has served its intended purpose”.

Countries perform anti-dumping probe to find out whether or not their home industries have been damage due to a surge in low-cost imports.

As a counter measure, they impose duties below the multilateral regime of the World Trade Organization.

The obligation is geared toward guaranteeing honest commerce practices and making a level-playing subject for home producers with regard to international producers and exporters.

 

 

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