The anti-dumping duty on import of textile chemicals from Bangladesh has been lifted. Anti-dumping duty of $27.81-$91.47 per tons on the import of hydrogen peroxide was withdrawn after the lobbying of Bangladesh government and local companies.
Mohammad Akramuzzaman, Chief Financial Officer, Samuda Chemical Complex says the removal of duty will enable his company to export the chemical to India. It will also give boost to chemical’s export from Bangladesh to India, says Tapan Kanti Ghosh, Senior Secretary, Commerce Ministry. Before duty imposition, exporters shipped 3,000 tons of the chemical a month to India.
Anti-dumping duty is imposed by a government on imported items to ensure fair price in the market. Many countries impose such duties on the products they believe are being dumped in their markets in order to protect local industries.
