India levies anti-dumping duty on dimethylacetamide for five years
Dimethylacetamide is used as a solvent for making acrylic fiber and polyester films.
India imposes the definitive anti-dumping duty on dimethylacetamide imported from China and Turkey for five years.
Directorate General had initiated the anti-dumping investigation on the organic compound, in March 2017, based on a joint complaint by Rashtriya Chemicals and Fertilizers Ltd and Balaji Amines Ltd.
The directorate has recommended anti-dumping duty of $48-211 per tonne after observing that the imports were causing “material injury” to the domestic industry.
Rashtriya Chemicals & Fertilizers Ltd is trading at Rs73.90, down by 0.14% whereas Balaji Amines is trading at Rs589.75, up by 1.01%, on BSE at 12.46pm.