GSTnews item16 August 2015

Anti-dumping duty on potassium carbonate imports from Taiwan, South Korea

News Update

Anti-dumping duty on potassium carbonate imports from Taiwan, South Korea

Published Date: Aug 17, 2015
Source: ICAI PD Committee
The Finance Ministry has imposed definitive anti-dumping duty on Potassium Carbonate imports from Taiwan and South Korea. This follows recommendation of the Designated Authority in the Commerce Ministry in its final findings in the sunset review investigations. In its final findings, the Authority had concluded that Potassium Carbonate imports from Taiwan are entering in the Indian market at dumped prices. There is also likelihood of recurring of dumping and injury from South Korea, the Authority said. However, it concluded that there is no likelihood of recurrence of dumping and injury from China and European Union. Potassium Carbonate is a white inorganic compound - available in powder and granules form - soluble in water and insoluble in alcohol. It is primarily used in the manufacture of TV picture tubes, GLS Lamps, Ophthalmic glasses.
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Anti-dumping duty on potassium carbonate imports from Taiwan, South Korea