• UGI USER
  • Apr 09, 2024
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DGTR CALLS FOR LEVY OF ANTI-DUMPING DUTY ON SODIUM CYANIDE

Why in the news?

DGTR proposes anti-dumping duty on sodium cyanide imports from China, EU, Japan, Korea, citing potential harm to domestic producers.

Source:eduprep

About the Imposition of Duty:

  • The Directorate General of Trade Remedies (DGTR) proposes anti-dumping duty on sodium cyanide imports from China, the European Union, Japan, and Korea.
  • The duty, valid for five years, aims to address concerns regarding unfair trade practices and protect domestic producers.
  • The DGTR initiated an anti-dumping investigation in March 2023 based on a petition filed by Hindustan Chemicals Company and United Phosphorus Limited.
  • The investigation likely aimed to assess the extent of harm caused to domestic industries due to alleged dumping practices by foreign suppliers.
Key Facts about Sodium Cyanide:

  • Appearance: Sodium cyanide exists as a white crystalline solid, lump solid, or powder.
  • Composition: It consists of equal numbers of sodium cations and cyanide anions.
  • Uses: Sodium cyanide serves as an insecticide, chemoreceptor test reagent, and finds application in various industrial processes including gold and silver extraction, dye production, and pharmaceutical manufacturing.

Source:

https://www.thehindu.com/news/national/dgtr-recommends-anti-dumping-duty-on-sodium-cyanide-imports/article68042916.ece#:~:text=The%20current%20situation%20with%20dumping,economic%20unviability%2C%20the%20authority%20said&text=The%20Directorate%20General%20of%20Trade,European%20Union%2C%20Japan%20and%20Korea.