What is anti-dumping duty on rubber chemicals from China RP & Korea RP?

Anti–dumping duty on the imports of certain rubber chemicals from China PR and Korea RP was originally recommended by the Designated Authority vide final findings dated 1 st October 2008 and was implemented vide Customs Notification dated 12 th December 2008.

What if there is no anti-dumping duty on import?

If no anti-dumping duty is in force on the import of subject goods, the domestic industry is required to request for initiation of fresh anti-dumping investigation in accordance with Section 9A (1) of the Customs Tariff Act r/w Rule 5 of the Anti-dumping Rules, 1995.

Who imposes anti-dumping duty?

Thus, while the Department of Commerce recommends the Anti-dumping duty, it is the Ministry of Finance, which levies such duty. The law provides that an order of determination of existence, degree and effect of dumping is appealable before the Customs, Excise and Gold (Control) Appellate Tribunal (CEGAT) — a judicial tribunal.

What are anti-dumping duties?

Anti–dumping duties, once imposed, are applicable on all imports of a product from the economy (or economies) subject to the anti–dumping investigation which are found to be dumped and causing injury.

Should exporters participate in an anti-dumping investigation?

An exporter/producer will be facing an uphill battle once an anti-dumping investigation has been initiated. The best defence for it is to participate actively and positively in the investigation. In the past, some co-operating exporter/producer have been able to secure an anti-dumping duty rate as low as zero.

Do importers have to pay anti-dumping duties?

The importer does not need to pay anti-dumping duties. Exporters/producers often have to raise their prices in order to meet the "floor price". In doing so, the exporter/producer receives increased revenue on each unit sold. AD duties: Where AD duties are imposed, the importer of the goods has to pay AD duties.