Indian government through its finance ministry has imposed a definitive anti-dumping duty on ‘methylene chloride’— a chemical used in the manufacture of pharmaceuticals, agro and fragrance chemicals — from the US and European Union. The anti-dumping duty will be valid for five years.
Methylene Chloride is a colourless liquid with sweetish ether-like odour and is predominantly used as a solvent. It is used in the manufacturing of polycarbonate and phenolic resins, rayon yarn, pharmaceuticals, agro and fragrance chemicals. It is also used as an extractant for edible fats, cocoa, butter and essences.
The authority after investigation of dumping has imposed an anti-dumping duty of $0.32 per kg on methylene chloride produced by Akzo Nobel and exported from EU to India. For all other European producers and exporters of this chemical, the anti-dumping duty has been pegged at $ 0.36 per kg.
For the imports of this chemical from the US, the Revenue Department will impose an anti-dumping duty of $0.33 per kg.
There are three other domestic producers of this chemical in India—TGV SRAAC Ltd (Sree Rayalseema Alkalies and Allied Chemicals Ltd), Gujarat Alkalies and Chemicals and SRF Ltd.
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