The Finance Ministry has extended the levy of anti-dumping duty on Sodium Nitrite imports from China till August 16, 2016.
Sodium Nitrite is an oxidising and also a reducing agent. It is a white crystalline powder mostly used in the pharmaceutical and dye industries, lubricants, meat processing, and textiles.
The Finance Ministry move follows the Designated Authority’s recommendation in its mid-term review in October to extend the levy of anti-dumping duty on Sodium Nitrite imports from China.
Deepak Nitrite Ltd had filed the petition seeking a mid-term review of anti-dumping duty on Sodium Nitrite imports from China.
The revenue department has now specified an anti-dumping duty of $135.83 per tonne. The others producers of Sodium Nitrite in the country include Rashtriya Chemicals and Fertilisers, National Fertilisers Ltd, and Punjab Chemicals & Pharmaceuticals Ltd.