Dumping Duty Imposed on O-Acid Imports from China

20-Jul-2017
Dumping Duty Imposed on O-Acid Imports from China

NEW DELHI: The Finance Ministry has imposed provisional anti-dumping duty on O-Acid imports from China.

Ofloxacin Acid or O-Acid is an off-white to white crystalline powder and is used as an intermediate for the manufacture of Ofloxacin, which is used to treat infections including bronchitis, pneumonia and infections of the skin, bladder and prostrate.

Aarti Drugs Ltd, Mumbai had filed the petition seeking anti-dumping duty on O-Acid imports from China.

The provisional anti-dumping duty — which will be valid for six months — ranged from $0.03 a kg to $8.79 a kg depending on the producer and exporter.

Source: Thehindubusinessline.com

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