Phillips Carbon Black - Anti-Dumping Duty, CV Revival Conducive: ICICI Direct
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ICICI Direct Report
The Commerce Ministry has concluded its study thereby proposing to extend anti-dumping duty on imports of carbon black (used for rubber applications) into India; largely from China and Russia.
The ministry opined that imports without ADD will cause substantial injury to the domestic carbon black industry.
The study proposes to impose a duty of $494 per tonne on carbon black originating from China and $36.2 per tonne on carbon black originating from Russia and other countries.
The said proposal is likely to be approved by the Finance Ministry with final notification expected by December end.
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