India has initiated an anti-dumping investigation into imports of Resorcinol, a critical chemical used in tyres, rubber products, and industrial applications, from China and Japan. This move follows allegations that low-priced shipments are harming domestic manufacturers, as reported by PTI.
The probe was launched by the Directorate General of Trade Remedies (DGTR) after a complaint filed by Atul Ltd, which claimed that dumped imports of the chemical were causing significant injury to the domestic industry.
"On the basis of the duly substantiated application filed by the applicant and having satisfied itself, on the basis of the prima facie evidence submitted by the applicant, regarding dumping of the subject goods...the authority hereby initiates an anti-dumping investigation," the DGTR stated in a notification.
The investigation will assess the existence, extent, and impact of the alleged dumping of Resorcinol from China and Japan. If the DGTR concludes that the imports have caused material injury to domestic producers, it may recommend the imposition of anti-dumping duties. The final decision on imposing the levy rests with the finance ministry.
Resorcinol is primarily used as an intermediate in the manufacture of tyres and rubber products, as well as in resin bonding applications. It is also utilized in specialized wood adhesive resins, dyes, pharmaceuticals, and cosmetic preparations.
Anti-dumping investigations are conducted to determine whether domestic industries have been adversely affected by a surge in cheap imports. As a trade remedy, countries may impose anti-dumping duties under the rules of the World Trade Organisation (WTO) to ensure fair competition and provide a level playing field for domestic manufacturers.
India has already imposed anti-dumping duties on a range of products from several countries, including China, to counter unfairly priced imports.
