The Finance Ministry has imposed definitive anti-dumping duty on Potassium Carbonate imports from Taiwan and South Korea.This follows recommendation of the Designated Authority in the Commerce Ministry in its final findings in the sunset review investigations.

In its final findings, the Authority had concluded that Potassium Carbonate imports from Taiwan are entering in the Indian market at dumped prices.There is also likelihood of recurring of dumping and injury from South Korea, the Authority said.However, it concluded that there is no likelihood of recurrence of dumping and injury from China and European Union.

The revenue department has imposed anti-dumping duty of 153 US dollar per tonne on Potassium Carbonate imports from Taiwan and 9.45 US dollar per tonne in case of imports from UNID Co Ltd, and 123.86 US dollar per tonne from all other exports from South Korea.

Potassium Carbonate

• Potassium Carbonate is a white inorganic compound – available in powder and granules form – soluble in water and insoluble in alcohol.
• It is primarily used in the manufacture of TV picture tubes, GLS Lamps, Ophthalmic glasses.
• Potassium Carbonate also finds application in fertilizer industry, rubber industry, drugs and pharmaceuticals and Dyes and Potassium based chemical industries.

What is Anti-Dumping Duty?

• It is a trade duty imposed by any government on imported products which have prices less than their normal values in their domestic market.
• Usually countries initiate anti-dumping probes to check if domestic industry has been hurt because of a surge in below-cost imports.
• Anti-Dumping Duty is imposed under the multilateral WTO regime and varies from product to product and from country to country.
• In India, anti-dumping duty is recommended by the Union Ministry of Commerce (i.e. Directorate General of Anti-Dumping Duty-DGAD), while the Union Finance Ministry imposes it.

  Expected question

• The revenue department has imposed anti-dumping duty of ——- on Potassium Carbonate imports from Taiwan??

–  153 US dollar per tonne

• India has imposed definitive anti-dumping duty for period of —— on Potassium Carbonate imports from Taiwan and South Korea.

– Five years