Thursday, July 21, 2011

Anti-dumping duty imposed on Japanese, Chinese gas

India has imposed anti-dumping duty of up to $1.41 per kg on imports of a gas, used primarily for refrigeration purpose, to protect domestic players from cheap Chinese and Japanese shipments. The restrictive duty on the import of '1,1,1,2-Tetrafluoroethane or R-134a' would be imposed for a period of five years, the Department of Revenue said. The duty would range from between $0.69 per kg and $1.41 per kg on imports of the gas from Japan and China, it said. "The anti-dumping duty imposed shall be levied for a period of five years (unless revoked, superseded or amended earlier)... And shall be payable in Indian currency," the department said. R-134a is an inert gas used primarily as a "high temperature" refrigerant for domestic refrigeration and automobile air conditioners. Other uses include plastic foam blowing and as a cleaning material and for removing moisture from compressed air.

Source : Business Standard

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