Imported vitamins: India starts anti-dumping investigation of vitamins imported from China, EU
Alleging that product dumping is affecting domestic companies, Piramal Pharmaceutical Company Limited filed a request with the board of directors to impose anti-dumping duties on imports.
The DGTR, in a statement, said that on the basis of the application “and has satisfied itself, on the basis of the initial evidence submitted, of the dumping of the goods under investigation…the competent authority, hereby initiate an investigation”.
The General Department added that it would recommend the imposition of anti-dumping duties on these imports if it is determined that the dumping has caused significant injury to domestic enterprises.
The Ministry of Finance makes the final decision to impose taxes.
Anti-dumping investigations are conducted by countries to determine whether domestic industries have been harmed by a spike in cheap imports.
As a countermeasure, they imposed these duties under the multilateral mechanism of the Geneva-based Commission. World Trade Organization (WTO). This mission is to ensure fair trade practices and level the playing field for domestic producers versus foreign producers and exporters. India has imposed anti-dumping duties on a number of products to deal with cheap imports from various countries, including China.
In a separate announcement, DGTR said a similar investigation had also begun against the alleged dumping of ‘self-adhesive vinyl’ from China.
(With input from PTI)