Govt imposes anti-dumping duty on a chemical
The Revenue Department has imposed an anti-dumping duty of around $168.76 per tonne on the import of a chemical ‘Purified Terephthalic Acid’ used in the textile industry, from five countries, including China and Iran. It has been imposed for five years in a bid to protect domestic manufacturers. Anti-dumping duty is imposed on goods being imported below the market value.