Union Government Carries Out Anti-Dumping Duty on N-Butyl Alcohol [ Current Affairs ]
The has made compulsory An anti-dumping duty of up to US 149 dollars on imports of N-Butyl Alcohol has been made compulsory by the Union Government from five countries like European Union (EU), Malaysia, Singapore and US.
- Central Board of Excise and Customs (CBEC) has given out a notification based on the reference of Directorate General of Anti-dumping and Allied Duties (DGAD) in this regard.
- During examination DGAD had found out that Normal Butanol, or N-Butyl Alcohol exported from five countries stated above was found to be below normal value compared to domestic value, therefore causing material injury to domestic injury.
About N-Butyl Alcohol:
- It is a primary alcohol with a 4-carbon structure and the chemical formula C4H9OH and its isomers include isobutanol, 2-butanol, and tert-butanol.
- It is used as reproduction flavorant and is contemporary in many foods and beverages.
- N-Butanol arises naturally as a minor product of the fermentation of sugars and other carbohydrates, and is present in many foods and beverages.
- The largest use of n-butanol is as an industrial transitional, particularly for the manufacture of butyl acetate.
About Anti-dumping duty:
- When manufacturers carry across a product to another country at a price either below the price calm in its home market or below its cost of manufacture is calledAnti-dumping duty.
- It is counter import measure used by a country under the multilateral World Trade Organization (WTO) government to defend its domestic manufacturers and market from below-cost/cheap imports.
- It differs from product to product and from country to country.
- The purpose of this act is occasionally to increase market share in a foreign market or to drive out competition.
- Published on: April 15, 2016