India has extended its anti-dumping duty on import of all forms and grades of Vitamin C at USD 3.74 per kg from China for five years to safeguard the interest of domestic industry. The anti-dumping duty has been imposed following the findings of designated authority which concluded that imports of Vitamin-C have caused injury to the domestic industry. The Government had earlier imposed the anti-dumping duty on import of Vitamin C from China in 2009 and later extended it by one year till June 2015.
Benefits of Vitamin C
- Ascorbic acid, or vitamin C, is a potent antioxidant with increasingly diverse uses in health promotion and disease prevention.
- Vitamin C enhances the health-promoting effects of exercise and reduce exercise-induced oxidative damage.
- Vitamin C also dramatically combat the oxidative damage caused by smoking and exposure to tobacco smoke.
- In respiratory conditions, vitamin C helps avert or shorten the duration of common colds and may mitigate the risk of serious respiratory conditions like asthma.
- Vitamin C can speed the clearance of the stomach disease-causing bacterium Helicobacter pylori and cut the risk of gastric cancer it causes.
Test Your Knowledge
What is meant by Anti-Dumping?
