Latest news with #Vitamin-APalmitate
India.com
a day ago
- Business
- India.com
Govt Imposes Anti-Dumping Duties On Vitamin A, Rubber Chemical Imports From China, Japan, EU
New Delhi: The Union government has imposed anti-dumping duties on imports of Vitamin-A Palmitate and insoluble sulphur -- a crucial rubber additive -- on China, Japan, Switzerland, and the European Union (EU). The Ministry of Finance, in a notification on June 6, issued the anti-dumping duties for a period of five years unless it is cancelled or revised. It aims to protect domestic manufacturers from low-priced imports that affect the local industry. The move follows an investigation by the Directorate General of Trade Remedies (DGTR) which revealed that the price of Vitamin-A Palmitate imported by these countries was lower than the normal value. The DGTR also noted 'material injury' to domestic producers of Vitamin-A Palmitate due to large-scale dumping from China, the EU, and Switzerland. The compound, commonly used in small quantities, remains heavily import-dependent in India. While Vitamin-A Palmitate is used in pharmaceuticals, food, and cosmetics, insoluble sulphur plays a key role in the rubber industry, majorly in tyre manufacturing. The anti-dumping duties, effective immediately must be paid in Indian rupees based on the exchange rate. It is expected to prevent unfair trade practices and protect local industries. According to the notification, the duties for Vitamin-A Palmitate, range from $0.87 to $20.87 per kg; The highest duty has been imposed on Chinese exporters other than Shangyu NHU BioChem, which will face a lower rate of $14.95/kg. Swiss producer DSM Nutritional Products will attract a duty of $0.87/kg, while other Swiss exporters will face $8.2/kg. A flat rate of $11.09/kg will apply to imports from the EU, the notification stated. Further, depending on the exporter, the duties on insoluble sulphur will range from $259 to $358 per metric tonne. Chinese imports will face a flat duty of $307/MT. Among Japanese companies, Shikoku Chemicals will be charged $259/MT, while all other Japanese exporters will face the maximum rate of $358/MT, the notification said.
Time of India
2 days ago
- Business
- Time of India
India hits China, Japan and EU with fresh anti-dumping duties on vitamin and rubber chemical imports
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Indian government has imposed anti-dumping duties on imports of Vitamin-A Palmitate and Insoluble Sulphur from China, Japan, Switzerland and the European Union (EU). The move aims to protect domestic manufacturers from low-priced imports that affect the local duties, which will remain in place for five years, were announced by the finance ministry in a notification issued late on Friday. The decision follows investigations by the Directorate General of Trade Remedies (DGTR), which found that both substances were being exported to India at unfairly low prices, either below cost or under their fair market value, thereby undercutting Indian products are essential to major industries in India. Vitamin-A Palmitate is used in pharmaceuticals, food, and cosmetics, while Insoluble Sulphur plays a key role in tyre manufacturing In its findings, the DGTR said there was 'material injury' to domestic producers of Vitamin-A Palmitate due to large-scale dumping from China, the EU and Switzerland. The compound, commonly used in small quantities, remains heavily import-dependent in duties, which take effect immediately, will range from $0.87 to $20.87 per kilogram. Chinese exporters other than Shangyu NHU BioChem Co. Ltd. will face the highest duty of $20.87/kg. Shangyu NHU BioChem will be subject to a lower duty of $14.95/kg. Swiss company DSM Nutritional Products Ltd. will attract a duty of $0.87/kg, while all other Swiss exporters will face $8.2/kg. Imports from the EU will be charged a flat rate of $11.09/ Vitamin-A Palmitate in the strength of 1.6 MIU/Gm, used in animal feed, has been excluded from the imported $48.6 million worth of Vitamin-A Palmitate in the financial year 2024-25, with most of it sourced from China and Europe, according to commerce ministry duties must be paid in Indian rupees, based on the exchange rate notified by the Revenue Department on the date the bill of entry is a related move, the government also imposed five-year anti-dumping duties on imports of Insoluble Sulphur from China and Japan. This compound is mainly used by tyre manufacturers to improve rubber vulcanisation. DGTR investigations revealed that exporters from both countries had been dumping the product at low prices, affecting the profitability and pricing strength of Indian on the exporter, the duties on Insoluble Sulphur will range from $259 to $358 per metric tonne. Chinese imports will face a flat duty of $307/MT. Among Japanese companies, Shikoku Chemicals will be charged $259/MT, while all other Japanese exporters will face the maximum rate of $358/MT.
Mint
2 days ago
- Business
- Mint
India slaps anti-dumping duties on key chemical imports from China, EU, Japan, and Switzerland
New Delhi: The government has imposed anti-dumping duties on imports of Vitamin-A Palmitate and Insoluble Sulphur from China, Japan, Switzerland and the European Union (EU), aiming to shield domestic manufacturers from low-priced imports that regulators say are hurting local industry. According to a finance ministry notification issued late on Friday, the five-year duties follow investigations by the Directorate General of Trade Remedies (DGTR), which found that both substances were being exported to India at unfairly low prices, below cost or fair market value, and were undercutting Indian producers. These products are critical inputs for sectors such as pharmaceuticals, food, cosmetics and tyre manufacturing. For Vitamin-A Palmitate—used in fortified foods, nutraceuticals and pharma formulations—the DGTR found 'material injury' to domestic producers due to large-scale dumping from China, the EU and Switzerland. The compound, widely used in small dosages, continues to be largely import-dependent in India. Effective immediately, duties will range from $0.87 to $20.87 per kg. The highest duty has been imposed on Chinese exporters other than Shangyu NHU BioChem Co. Ltd., which will face a lower rate of $14.95/kg. Swiss producer DSM Nutritional Products Ltd will attract a duty of $0.87/kg, while other Swiss exporters will face $8.2/kg. A flat rate of $11.09/kg will apply to imports from the EU. Vitamin-A Palmitate in the strength of 1.6 MIU/Gm, used for animal feed, has been excluded from the levy. India imported $48.6 million worth of Vitamin-A Palmitate in FY25, with the bulk of the shipments coming from China and Europe, according to commerce ministry data. While the move comes as a relief for domestic Vitamin-A makers, industry players flagged India's broader dependence on imports for this compound, which is crucial for nutritional and pharmaceutical applications. 'While the anti-dumping duty provides protection to domestic manufacturers of the compound, it could raise input costs for drug makers in the short term, especially those relying on imports from Switzerland and China,' said Yogendra Sharma, a drug manufacturer. 'However, the price impact is expected to be manageable given that Vitamin-A is used in small dosages and accounts for a minor fraction of total formulation cost.' 'With global supply chains realigning, India is now far more proactive in using WTO-compliant instruments to protect its domestic industry. The Vitamin-A Palmitate case is another example of this assertiveness,' said Manish Kr Shubhay, a multidisciplinary dispute resolution expert and Partner at The Percept Law Offices. The anti-dumping duties are payable in Indian currency, based on the exchange rate notified by the Revenue Department on the date of filing the bill of entry. In a related notification, the government also slapped five-year anti-dumping duties on imports of Insoluble Sulphur from China and Japan, used primarily by tyre manufacturers to improve rubber vulcanization. DGTR's investigation found that exporters from both countries were dumping the product at depressed prices, adversely affecting profitability and pricing power of Indian producers. Depending on the exporter, the duties range from $259 to $358 per metric tonne. Chinese imports will face a flat $307/MT levy. Among Japanese exporters, Shikoku Chemicals will be charged $259/MT, while all others will attract the highest rate of $358/MT.
