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China Reduced Anti-dumping Duty on the Imports of Pyridine from India
Feb. 10, 2016
China's Ministry of Commerce (MOFCOM) confirmed in a recent announcement, to reduce the anti-dumping duty on pyridine imports from a Indian company Jubilant Life Sciences to 17.6 % from existing 24.6 %.
MOFCOM imposed a five-year anti-dumping tariffs from 11 November 2013 on Indian and Japanese imports of pyridine, a raw material for making pesticides and herbicides. The tariff ranged from 24.6 percent to 57.4 percent for different companies, and the existing tariff for Jubilant was 24.6%.
Jubilant said it will benefit from China’s decision to reduce anti dumping duty on the imports of pyridine, however, did not quantify how much would it gain nor the value of pyridine exports to China.
“MOFCOM reduced anti-dumping duty on pyridine based on the review petition filed by the company,” Jubilant Life Sciences said in a regulatory filing.The company will continue to evaluate the market conditions and get the “benefit of reduced duty going forward”, it added.
Pyridine is a chemical which is used in the preparation of various agrochemicals and pharmaceuticals besides being an important solvent and reagent.
Source: AgroNews
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