Page 153 - CW E-Magazine (17-6-2025)
P. 153

Top Stories


       TRADE MEASURE

       Anti-dumping duty imposed on imports of Vitamin A
       palmitate and insoluble sulphur

          The  Union Government  has im-  falls on  imports  from China, Switzer-  DSM Nutritional Products, will attract
       posed anti-dumping duties (ADDs) on  land, and the European Union (EU).  a duty of $0.87/kg, while other Swiss
       imports of  Vitamin-A  palmitate  and  The move follows an investigation by  exporters will face $8.2/kg. A fl at rate of
       insoluble sulphur – a rubber additive –  the Directorate General of Trade Reme-  $11.09/kg will apply to imports from
       on China, Japan, Switzerland, and the  dies (DGTR) which revealed  that the  the EU, the notifi cation stated.
       European Union (EU). While Vitamin-  price of Vitamin-A palmitate imported
       A palmitate is used in pharmaceuticals,  by these countries was lower than the  Insoluble sulphur
       food, and cosmetics, insoluble sulphur  normal value.  The DGTR also noted   In a related notifi cation, the govern-
       plays a key role in the rubber industry,  “material injury” to domestic producers  ment  also  slapped  fi ve-year  anti-
       majorly in tyre manufacturing.    of  Vitamin-A palmitate  due to large-  dumping duties on imports of insoluble
                                         scale dumping from China, the EU, and  sulphur from China  and Japan, used
          The Ministry of Finance, in a notifi ca-  Switzerland.           primarily by  tyre manufacturers to
       tion on June 6, issued the anti-dumping                            improve rubber vulcanisation. Depend-
       duties for a period of fi ve years unless it   According  to  the  notifi cation,  the  ing on the exporter, the duties range
       is cancelled or revised. It aims to protect  duties  for  Vitamin-A  palmitate,  range  from $259 to $358 per tonne. Chinese
       domestic manufacturers from low-priced  from $0.87 to $20.87 per kg. The high-  imports will face a fl at $307 per tonne
       imports that affect the local industry.   est duty has been imposed on Chinese  levy.  Among Japanese  exporters,
                                         exporters other than Shangyu NHU  Shikoku  Chemicals will be charged
       Vitamin-A palmitate               BioChem, which will face a lower  $259 per tonne, while all  others will
          The ADD on  Vitamin-A palmitate  rate  of $14.95/kg. Swiss producer,  attract the highest rate of $358 per tonne.
       SOURCING TROUBLES

       ‘India looking for other magnet sources after China’s curbs

       on rare earth metals’
          India is in talks with China on  on certain geographies. It’s a wake-up  ment from the Chinese embassy  in
       ensuring the supply of permanent magnets  call for the whole world that you need  India for importing critical  rare earth
       derived from rare earth minerals but is  trusted partners in your supply chain,”  magnets, but supply has not resumed as
       also working on “alternate sources” for  the minister said.        the  neighbouring  country’s commerce
       the critical components,  according to                             ministry has not given its nod.
       Commerce and Industry Minister, Piyush   Auto industry and other industry
       Goyal. He said the government is in  bodies have represented  the matter  to   “Obviously, there are issues around
       constant touch with  Indian industry  the government seeking an early reso-  the  stopping of permanent  magnets
       to  speed up the development  of local  lution of the problem.     from China to India, which will
       sources.                                                           affect our auto sector, particularly, and
                                           China had in April mandated special  several  white goods and other sec-
          China, which controls 90% of the  export licences for seven rare earth ele-  tors. Some companies have put in their
       supply of rare earth magnets, has im-  ments and related magnets. It is seeking  applications, and we hope that good sense
       posed curbs on supplies. These magnets  an undertaking that permanent magnets  prevails and they get their approvals for
       are essential inputs in the manufacturing  it supplies will not be re-exported to the  permanent magnets,” the minister said.
       of cars, electric vehicles and renewable  US,  nor  will  they  fi nd  applications  in
       energy equipment, among others.   the defence industry.               The government is also looking to
                                                                          Indian Rare Earths Ltd. to speed up the
          “In a way, it’s a wake-up call for all   Nine auto component manufactu-  development  of domestic resources,
       those who have become over-reliant  rers have reportedly received endorse-  Mr. Goyal said.

       Chemical Weekly  June 17, 2025                                                                  153


                                      Contents    Index to Advertisers    Index to Products Advertised
   148   149   150   151   152   153   154   155   156   157   158