Union Government imposes anti-dumping duty on N-Butyl Alcohol

Posted on:15 Apr 2016 14:27:37
Union Government imposes anti-dumping duty on N-Butyl Alcohol
15 April 2016 Current Affairs:

The Union Government has imposed an anti-dumping duty of up to US 149 dollars on imports of N-Butyl Alcohol from five countries viz. European Union (EU), Malaysia, Singapore and US. In this regard, Central Board of Excise and Customs (CBEC) has issued a notification based on the recommendation of Directorate General of Anti-dumping and Allied Duties (DGAD). DGAD in its investigation had found out that Normal Butanol, or N-Butyl Alcohol exported from five countries mentioned above was found to be below normal value compared to domestic value, thus causing material injury to domestic injury. N-Butyl Alcohol: It is a by-product of the fermentation of sugar and other carbohydrate. It is used as artificial flavorant and is present in many foods and beverages. It is also used in a wide range of consumer products. Anti-dumping duty: It is counter import measure used by a country under the multilateral World Trade Organisation (WTO) regime to protect its domestic producers and market from below-cost/cheap imports. It varies from product to product and from country to country.

 


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 May

22 MAY
NEWS
21 MAY
NEWS
20 MAY
NEWS
19 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS

Current Affairs 2018 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS