Tuesday, June 17, 2025

Creating liberating content

Amazon’s CEO envisions an “agentic future” in which AI robots,

After quitting their royal life, Harry and Meghan gave a

Ramp, which offers a financial operations platforms to corporate clients,

Amazon CEO Andy Jassy speaks during a keynote address at

Related News

Amazon’s CEO envisions an “agentic future” in which AI robots, or agents, replace humans working in the company’s offices. In a memo to employees made public by Amazon on Tuesday,

After quitting their royal life, Harry and Meghan gave a bombshell interview to Oprah Winfrey in 2021 that shocked the royal family. In the interview, Meghan and Harry accused the

Ramp, which offers a financial operations platforms to corporate clients, has raised its valuation to $16 billion in a new fundraising led by long-time investor Founders Fund, Peter Thiel’s venture

Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in

From red and yellow to green, we often shop for fruits and veggies of these colors, as they are said to keep the heart, eyes, and metabolism healthy. Have you

The Competition Commission of India (CCI) on Tuesday approved logistics services provider Delhivery’s proposed acquisition of a 99.4% stake in Ecom Express for a cash consideration of up to Rs

Trending News

The Competition Commission of India (CCI) on Tuesday approved logistics services provider Delhivery’s proposed acquisition of a 99.4% stake in Ecom Express for a cash consideration of up to Rs

Railways Minister Ashwini Vaishnaw on Tuesday inaugurated India’s largest Gati Shakti Multi-Modal Cargo Terminal for automobiles at Maruti Suzuki’s Manesar plant, calling it a key step in boosting logistics efficiency

Pakistan and the United States have agreed to intensify negotiations on reciprocal tariffs with the aim of finalising a bilateral trade deal through continued technical engagement, according to Radio Pakistan.The

China’s President Xi Jinping on Tuesday US President Donald Trump’s tariff imposition and said that the protectionist approach was “bound to harm others and oneself”.“Tariff wars and trade wars have

Siemens will deploy ETCS Level 2-based signalling and train control systems under the contract. (AI image) India’s first bullet train project between Ahmedabad and Mumbai is on track despite several

Global oil demand will decline slightly in 2030 for the first time since the 2020 Covid shock, the International Energy Agency (IEA) said on Tuesday, as slower economic growth, electric

‘Unfairly low prices’: India slaps anti-dumping duty on China & Japan for two substances; says harming local producers

Word Count: 686 | Estimated Reading Time: 4 minutes


‘Unfairly low prices’: India slaps anti-dumping duty on China & Japan for two substances; says harming local producers
DGTR suggested measures to protect domestic manufacturers from unfair import pricing. (AI image)

India has slapped anti-dumping duties on insoluble sulphur imported from China and Japan. Additionally, the country has levied anti-dumping duty on vitamin-A palmitate imports originating from China, the European Union and Switzerland.Tyre producers utilise insoluble sulphur as a key component to enhance rubber vulcanisation processes, whilst vitamin-A palmitate finds applications in enriched food products and pharmaceutical manufacturing.This action was taken after the Directorate General of Trade Remedies (DGTR) suggested measures to protect domestic manufacturers from unfair import pricing.The Central Board of Indirect Taxes and Customs announced in two separate notifications issued late Friday that these duties take effect immediately and shall continue for five years, according to an ET report.

Anti-dumping duty

Anti-dumping duty

Based on the investigation conducted in March, the DGTR discovered that these substances were being sold to India at artificially reduced prices, constituting dumping practices that adversely affected domestic manufacturers.The imposed duties have been set at $0.87 to $20.87 per kg for vitamin A palmitate, and between $259 and $358 per metric tonne for insoluble sulphur.Anti-dumping duty serves as a protective tax levied on imported goods sold at prices lower than their normal market value. This measure aims to shield domestic manufacturers from unfair competition. The duty specifically targets foreign producers who attempt to gain market advantage by selling products at artificially reduced prices in overseas markets.Also Read | Extreme poverty in India sees sharp decline! Number dips from 344.47 million to 75.24 million; poverty rate down to 5.3%, says World BankThe move comes at a time when major economies around the world are aiming to protect their trade and economic interests. US President Donald Trump has unleashed a trade war since assuming office, and global agencies like the International Monetary Fund have warned of major economic consequences of America’s reciprocal tariff moves.However, the wide consensus is that the Indian economy is relatively insulated from US trade shocks, and with a India-US trade deal expected to be finalised in the coming months, any impact of higher tariffs is likely to be transitory.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account