Anti-dumping duty on rubber chemicals extended

The Finance Ministry has extended the validity of existing anti-dumping duty on certain rubber chemicals from China and South Korea by one year.The anti-dumping duty on rubber chemicals MBT, CBS, TDQ, PVI, and TMT imported from China will remain in force till May 4 next year, the Revenue Department has said.For PX-13 (6PPD) imports from South Korea, the existing anti-dumping duty will also be continued till May 4, 2014.These chemicals are used in treating natural rubber and synthetic rubber-based compounds.The Revenue Department move follows the initiation of sunset review investigation on these rubber chemicals by the designated authority in the Commerce Ministry.

Source : The Hindu Business Line