India initiates anti-dumping probe into import of sodium cyanide from China, EU, Japan, Korea
As a countermeasure, they impose these duties under the multilateral regime of the Geneva-based World Trade Organization (WTO). 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 has initiated an anti-dumping probe into imports of the poisonous chemical sodium cyanide from China, the European Union, Japan and Korea following a complaint by domestic players. Sodium cyanide is used for the extraction of gold and silver from their respective ores, manufacturing insecticides, dyes, pigments, and bulk drugs.
The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of the cyanide originating in or exported from these countries.
An application has been filed by Hindusthan Chemical Company and United Phosphorous Ltd for the probe and the imposition of appropriate anti-dumping duty on the imports from these nations. DGTR said in a notification that the applicants have alleged that material injury is being caused to the domestic industry due to the alleged dumped imports.
It said the normal value and the export price have been compared at the ex-factory level, which prima facie establishes that the dumping margin is above the specified level and is significant in respect of the product under consideration from these countries.
"Thus, there is sufficient prima facie evidence that the product under consideration from the subject countries is being dumped in the domestic market of India," it said. For the purpose of the probe, the directorate will consider the import of the product between April 2019- March 2022.
If it is established that the dumping has caused material injury to domestic players, DGTR would recommend the imposition of anti-dumping duty on these imports. The finance ministry takes the final decision to impose duties. 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 Organization (WTO). 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 has already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China.
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