New Delhi — India’s Directorate General of Anti-Dumping & Allied Duties (DGAD) has imposed anti-dumping duty on TDI from China, Japan and Korea.
The duty will run from 23rd January 2018 to 2023.
The duty was imposed after sole producer of TDI in India, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) approached DGAD. The Directorate examined imports from firms in the three countries between April 2015 and March 2016.
TDI imports from China will face anti-dumping duty of $0.26/kg and Japan $0.15/kg.
Korea is the largest exporter and is treated differently. Individual Korean companies are named; Hanwha product faces $0.22/kg duty, BASF Korea $0.31/kg. Product from other Korean sources will attract a $0.44/kg duty.
DGAD said that during the investigation period, India received 16.5 kT from Korean firms, 8.9 kT from Japanese companies and 6.7 kT from Chinese firms.
DGAD said that TDI imports from three countries increased by 99.62% during the period of investigation and were priced below normal value. This, DGAG said caused material injury to India’s domestic industry.
It appears that the bulk of the imports occurred in 2015. DGAG said that in 2016 there was a 6.7% growth in imports in 2016 taking them to 32,115 MT.