Government of India has extended anti-dumping duty on imports of Caustic Soda from China and Korea till November this year.
The decision has been taken after the suggested recommendations of commerce ministry’s investigation body Directorate General of Trade Remedies (DGTR), in its efforts to safeguard the domestic industry from the cheap chemical imports from China and Korea.
The duty was initially implemented in 2012 on a different group of countries to prevent material injury from undue dumping of Caustic from foreign players.
The duty was then imposed on August 18, 2015 on material coming from the People’s Republic of China and Korea RP for a period of five years.
The move has been taken after India’s focus towards boycotting Chinese products amplified post the India-China border face-off in Galwan.
The duty shall remain in force till 17th November, 2020 unless revoked before time.Domestic Chlor-Alkali industry is thriving to bounce back after witnessing a slump due to fall in demand from several downstream sectors amid the pandemic.