Finance Ministry Imposes Anti-Dumping Duty on Epichlorohydrin Imports from China, Korea, and Thailand for 5 Years [Read Notification]

Ministry of Finance has imposed a five-year anti-dumping duty on Epichlorohydrin imports from China, Korea, and Thailand to protect the domestic industry from underpriced imports
Finance Ministry - Anti Dumping Duty - ADD - Epichlorohydrin Imports - ADD on Epichlorohydrin - Taxscan

The Ministry of Finance, through Notification No. 24/2024-Customs (ADD) dated November 11, 2024, has announced the imposition of an anti-dumping duty on imports of Epichlorohydrin originating from China, Korea, and Thailand, effective from the date of publication.

The decision was formalized after a detailed investigation by the Directorate General of Trade Remedies (DGTR) into the impact of these imports on Indian industry. The DGTR’s investigation documented in notification F. No. 6/15/2023-DGTR dated August 14, 2024, and published in the Gazette of India, reported that Epichlorohydrin which is classified under tariff item 2910 30 00 of the Customs Tariff Act, 1975, was being imported from the named countries at prices below normal value.

Comprehensive Guide of Law and Procedure for Filing of Income Tax Appeals, Click Here

The DGTR concluded that

(i) the subject goods have been exported to India at a price below normal value, thus resulting in dumping;

(ii) the dumping of the subject goods has materially retarded the establishment of domestic industry in India;

(iii) the landed price of imports is below the level of selling price of the domestic industry and is undercutting the prices of the domestic industry,

and has recommended imposition of anti-dumping duty on imports of the subject goods, originating in, or exported from the subject countries and imported into India, in order to remove injury to the domestic industry.

Following these findings, the DGTR recommended the imposition of an anti-dumping duty on Epichlorohydrin imports to safeguard the interests of Indian producers. Exercising its powers under sections 9A(1) and 9A(5) of the Customs Tariff Act, along with rules 18 and 20 of the Customs Tariff (Identification, Assessment, and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government has decided to levy this duty.

The duty rates vary depending on the origin, export source, and specific producer, and are intended to level the playing field for domestic manufacturers by counterbalancing the below-market pricing of these imports. The anti-dumping duty, payable in Indian currency as per applicable exchange rates, is effective from the date of this notification and will be in place for five years, with provisions for review or amendment as necessary.

Comprehensive Guide of Law and Procedure for Filing of Income Tax Appeals, Click Here

Table:

Sl. No.Tariff ItemDescriptionCountry of OriginCountry of ExportProducerAmount (USD per MT)Unit
12910 30 00EpichlorohydrinThailandThailandAGC Vinythai Public Co. Ltd.298MT
22910 30 00EpichlorohydrinThailandAnyAny producer other than AGC Vinythai327MT
32910 30 00EpichlorohydrinAny country other than Thailand, China PR, and Korea RPThailandAny327MT
42910 30 00EpichlorohydrinKorea RPKorea RPHanwha Solutions Corporation274MT
52910 30 00EpichlorohydrinKorea RPKorea RPLotte Fine Chemical Co. Ltd.506MT
62910 30 00EpichlorohydrinKorea RPAnyAny producer other than Hanwha Solutions and Lotte Fine Chemical Co. Ltd.557MT
72910 30 00EpichlorohydrinAny country other than Thailand, China PR, and Korea RPKorea RPAny557MT
82910 30 00EpichlorohydrinChina PRChina PRJiangsu Ruixiang Chemical Co., Ltd108MT
92910 30 00EpichlorohydrinChina PRChina PRNingbo Huanyang New Material Co., Ltd.NilMT
102910 30 00EpichlorohydrinChina PRAnyAny producer other than Jiangsu Ruixiang and Ningbo Huanyang New Material Co., Ltd.216MT
112910 30 00EpichlorohydrinAny country other than Thailand, China PR, and Korea RPChina PRAny216MT
Subscribe Taxscan Premium to view the Judgment

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates

taxscan-loader