The commerce ministry's dumping investigation arm Directorate General of Trade Remedies (DGTR) has recommended the duty in the range of USD 537 to USD 1,559 per tonne on imports of "Ethylene Vinyl Acetate sheet for solar module".
The decision marks the first time that final duties were issued in a trade remedy case initiated by the U.S. government since 1985.
Phosphorus Pentoxide is used as a powerful desiccant and dehydrating agent and is a useful building block and reagent in the chemical industry.
The company has announced its medium-term growth plan (next five years) aiming at addition of 2 lac tones capacity (Rs 1,000 crore investment) in the carbon black business.
"The dumping of goods below market value in the United States is something the Trump Administration takes very seriously," said Secretary of Commerce Wilbur Ross, adding the government would "stand up for American workers and businesses in order to ensure that everyone trades on a level playing field."
Imposition of the duty is recommended by the Directorate General of Antidumping and Allied Duties (DGAD), an investigation arm of the commerce ministry, with a view to guard domestic players from cheap imports.
In an interview to CNBC-TV18, Shreevar Kheruka, MD of Gujarat Borosil spoke about the anti-dumping duty and latest happenings in the company.
Saint-Gobain India Pvt Ltd had sought an extension of the duty on the imports of the boards from these four countries.
The Directorate General of Anti-Dumping & Allied Duties (DGAD), the commerce ministry's investigation arm, has found "sufficient evidence" of dumping of "Dioctyl Phthalate" from Chinese Taipei (or Taiwan) and Korea.
"It is a clear-cut intention of the government of India to protect the domestic industry and probably all the domestic steel manufacturers will be the key beneficiary", Jatin Damania of Kotak Securities told CNBC-TV18.
Anti-dumping duties may be removed for some items. The government will review such items soon, added Singh.
The government today said there would be no extension of protectionist minimum import price (MIP) on 19 colour-coated steel products.
Asserting that the steel sector has started "stabilising", Steel Minister Chaudhary Birendra Singh today said the industry must gear up to face global competition as protectionist measures like minimum import price (MIP) and anti-dumping can not continue indefinitely.
The government may discontinue the minimum import price (MIP) imposed on certain products after February 4; final decision expected shortly. Steelmakers want long-term trade barrierâ€”anti-dumping dutyâ€”on most of products
The government may soon impose anti-dumping duty on 19 colour-coated steel products with a view to protect domestic players from cheap inbound shipments and give a fillip to the sector.
In an interview to CNBC-TV18, the Chairman of Gloster, Hemant Bangur said that imports from Nepal and Bangladesh were hurting domestic jute industry.
Anti-dumping duty on metallurgical coke is hurting revival of the ferro alloy sector.
Government extended minimum import price (MIP) on 19 products for two months to protect domestic steel industry from below-cost imports. Steel Secretary Aruna Sharma believes that steel capacity will reach 150 MT in couple of years.
"Anti-dumping Duty has been imposed on low ash metallurgical coke originating in or exported from Australia and People's Republic of China," Central Board of Excise and Customs said in a tweet.
Ministry sources have told CNBC-TV18 the Directorate General of Anti-Dumping (DGAD) has suggested USD 25 per tonne import duty on metallurgical coke coming from China and USD 16 per tonne on coke imported from Australia. An anti-dumping duty of USD 849 per tonne has also been proposed on coated steel from China.
The European Union today hit China with anti-dumping duties on two types of steel imports as Europe tries to cope with a global steel glut largely driven by massive Chinese output.
Steel Secretary Aruna Sharma said anti-dumping duty is the long-term arrangement for imports. She added that of the 66 items, 36 items will be pushed under the ambit of anti-dumping duty.
The domestic industry has been "substantially" harmed by the dumping of DDGs, the Ministry of Commerce said in its preliminary ruling following an investigation launched earlier this year.
Government is unlikely to further extend the minimum import price (MIP) on certain steel products beyond October 4 as these items could be covered under anti-dumping duty, an official today said.
Last week, government extended the minimum import price (MIP) on steel products by two months, but pruned the list from 173 products to 66. It said rest of the products will be brought under anti-dumping duty, which is a better protection mechanism.