India: Anti-Dumping Duty Imposed On Ofloxacin Imports From China
India has imposed anti-dumping duty on imports of ofloxacin, an antibiotic used in the treatment of certain infections, to protect domestic producers from below-cost shipments.
The duty will be in the range of $2.58 to $9.48 per kg for three years, said a notification issued by the Revenue Department in the Finance Ministry.
The levy has been slapped following the recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD). Aarti Drugs Ltd. had approached the DGAD for initiation of anti-dumping investigation and imposition of duty on ofloxacin imports. After a probe into the imports, the Authority concluded that the product has been exported to India from China below its normal value, “resulting in dumping.”
“The domestic industry has suffered material injury due to dumping of the product...,” the DGAD said while recommending the levy.
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