Nifty Chemicals Share Price

India has initiated an anti-dumping probe against imports of a chemical, used in tyre and rubber products, from China and Japan, a commerce ministry notification said. The investigation followed a complaint in this regard by Atul Ltd to the Directorate General of Trade Remedies (DGTR). The applicant has alleged that the cheap imports of 'Resorcinol' is significantly harming the domestic industry. "On the basis of the duly substantiated application filed by the applicant and having satisfied itself, on the basis of the prima facie evidence submitted by the applicant, regarding dumping of the subject goods...the authority hereby initiates an anti-dumping investigation," the DGTR's notification said. In the probe, the directorate would determine the existence, degree and effect of the alleged dumping of the chemical exported from China and Japan. If it is established that the dumping has caused material injury to domestic players, the DGTR would recommend the imposition of the levy o

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