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On November 11, 2024, the Revenue Department of the Indian Ministry of Finance imposed a five-year anti-dumping duty on epichlorohydrin originating from China, South Korea, and Thailand, based on the ruling of the Ministry of Commerce and Industry. The amount of duty varies depending on the source country. This decision takes effect from the date of publication in the official gazette and aims to protect domestic industries in India from dumping damage.
On November 11,2024, the Revenue Department of the Ministry of Finance of India officially issued the official circular No. 24/2024-Customs(ADD), adopting the results of the anti-dumping ruling made by the Ministry of Commerce and Industry on China, South Korea and Thailand. This decision marks that from now on, India will impose anti-dumping duties on epichlorohydrin products imported from these three countries for a period of five years.
specifically, Chinese products will face a tax of US $0 to US $216/ton, Thai products will face a tax of US $298 to US $327/ton, and South Korea products will have to pay a tax of US $274 to US $557/ton. Detailed tax regulations and a schedule of tax rates have been published with the circular. This measure is aimed at products under the Indian Customs Code 29103000, and the notification will take effect immediately from the date of its publication in the official gazette.
recalling the whole matter, the anti-dumping investigation began on September 26, 2023, with the application of the Meghmani Finechem Limited of local Indian enterprises. The Ministry of Commerce and Industry of India immediately announced an anti-dumping investigation into epichlorohydrin from China, South Korea and Thailand. The investigation period is set from April 1, 2022 to March 31, 2023 for a period of one year. At the same time, the injury investigation period covers a number of annual and dumping investigation periods from 2019 to 2022.
After in-depth investigation and analysis, the Ministry of Commerce and Industry of India officially issued an anti-dumping final ruling announcement on August 14, 2024, and determined that the epichlorohydrin products from the above three countries were dumped and caused substantial damage to the Indian domestic industry. Accordingly, the Revenue Department of the Ministry of Finance of India has taken corresponding anti-dumping duty measures.
the implementation of the anti-dumping duty, it will undoubtedly have a certain impact on the export enterprises of epichlorohydrin in relevant countries, and also reflect the determination of the Indian government to protect domestic industries and maintain fair competition in the market. In the future, relevant parties will pay close attention to the implementation effect of the measure and its potential impact on the international trade pattern.
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