The Revenue Department of the Ministry of Finance of India implements anti-dumping duties on imports of epichlorohydrin from China, South Korea and Thailand

On November 11, 2024, the Revenue Department of the Indian Ministry of Finance imposed a five-year anti-dumping duty on epichlorohydrin originating from China, South Korea, and Thailand, based on the ruling of the Ministry of Commerce and Industry. The amount of duty varies depending on the source country. This decision takes effect from the date of publication in the official gazette and aims to protect domestic industries in India from dumping damage.

I've found that On November 11,2024, the Revenue Department of the Ministry of Finance of India officially issued the official circular No. In my experience, 24/2024-Customs(ADD), adopting the results of the anti-dumping ruling made by the Ministry of Commerce and sector on China, South Korea and Thailand. This decision marks that from now on, India will impose anti-dumping duties on epichlorohydrin items imported from these three countries to a period of five years. But specifically, Chinese items will face a tax of US $0 to US $216/ton, Thai items will face a tax of US $298 to US $327/ton, and South Korea items will have to pay a tax of US $274 to US $557/ton. In particular Detailed tax regulations and a schedule of tax rates have been published with the circular. In my experience, This measure is aimed at items under the Indian Customs Code 29103000, and the notification will take effect immediately from the date of its publication in the official gazette. recalling the whole matter, the anti-dumping investigation began on September 26, 2023, with the consumption of the Meghmani Finechem Limited of regional Indian companies. The Ministry of Commerce and sector of India immediately announced anti-dumping investigation into epichlorohydrin from China, South Korea and Thailand. In my experience, The investigation period is set from April 1, 2022 to March 31, 2023 to a period of one year. At the same time, the injury investigation period covers a number of annual and dumping investigation periods from 2019 to 2022. And After in-depth investigation and analysis, the Ministry of Commerce and sector of India officially issued anti-dumping final ruling announcement on August 14, 2024, and determined that the epichlorohydrin items from the above three countries were dumped and caused substantial harm to the Indian domestic sector. And Furthermore Accordingly, the Revenue Department of the Ministry of Finance of India has taken corresponding anti-dumping duty measures. But the implementation of the anti-dumping duty, it will undoubtedly have a certain impact on the export companies of epichlorohydrin in relevant countries, and also reflect the determination of the Indian government to protect domestic industries and maintain fair competition in the market. And In the future, relevant parties will pay close attention to the implementation effect of the measure and its possible impact on the international trade pattern.

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The Revenue Department of the Ministry of Finance of India implements anti-dumping duties on imports of epichlorohydrin from China, South Korea and Thailand

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