India slaps anti-dumping duty on Chinese herbicide to shield domestic industry
New Delhi: India has imposed an anti-dumping duty on imports of the herbicide Pretilachlor and its related forms from China. The Finance Ministry, through a notification, stated that the duty will remain in effect for five years, media reports said.
The move follows findings that Pretilachlor has been exported to India at prices below its normal value, leading to undercutting of domestic market prices and causing injury to the local industry.
The landed cost of the imported herbicide was found to be lower than the selling price of Indian manufacturers, prompting concerns of dumping.
The Finance Ministry said the anti-dumping duty is intended to protect Indian manufacturers from unfair pricing and to restore fair competition. The duty imposed ranges between $1,246 and $2,017 per metric ton.
Pretilachlor is commonly used by farmers during the sowing of paddy, especially in rice cultivation, to control weeds such as sedge and broadleaf.
The Finance Ministry also released the names of five Chinese companies subject to the duty, including Anhui Futian Agrochemical, Inner Mongolia Lange Biotechnology, and Hangzhou Nutrichem.
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