In order to protect domestic companies and businessmen from importing at unfair price, India has so far imposed an anti -dumping duty on six Chinese products. These fees – PEDA (used in Shaknashi); Acetonitril (used in pharma region); Vitamin-e-Pamel; Insoluble sulfur; Decor paper; And potassium tertiary is applied on buttoxide. According to PTI news, in different notifications, Central Indirect Taxes and Customs Board, Revenue Department said that the fee levied will be imposed on the import of these industrial inputs for a period of five years.
How much is the fee levied
According to the news, fees were imposed after the recommendations of the Directorate General of Trade Treatment (DGTR), a branch of the Ministry of Commerce. The fee on PEDA will be from US $ 1,305.6 to US $ 2,017.9 per tonne, while acetonitril imported from China, Russia and Taiwan has been charged by US $ 481 per tonne. Similarly, the government has imposed a fee of $ 20.87 per kg on Vitamin-e-Pamel imported from China, European Union and Switzerland. Also, the import of insoluble sulfur used in the tire industry and imported from China and Japan has been charged up to $ 358 per tonne.
Potassium tactile Butoxide, imported from China and the US, has been imposed an additional fee of up to US $ 1,710 per tonne. These chemicals are used as a catalyst in active pharmaceutical material (API), other pharma processes, agricultural chemicals, special chemicals and polymers. Decore paper has been charged a fee of up to US $ 542 per ton.
What is the purpose of fee
Both India and China are members of multilateral organizations, which deal with global trade norms. An anti -dumping investigation is conducted by countries to decide whether domestic industries have been damaged due to increase in cheap imports. As retaliation, they impose these fees under the multilateral system of the World Trade Organization (WTO) in Geneva. The purpose of this fee is to ensure fair trade practices and create equal opportunities for domestic producers compared to foreign producers and exporters.
Country trade deficit with China
India is taking steps to promote domestic manufacturing and cut imports from China, as the country’s trade deficit with China has increased to US $ 99.2 billion during 2024–25. In the last financial year, India’s exports to China declined by 14.5 percent to US $ 14.25 billion, while in 2023–24 it was US $ 16.66 billion. However, imports increased by 11.52 percent to 113.45 billion US $ in 2024–25, while in 2023-24 it was US $ 101.73 billion.
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