<p>India has initiated a probe into the alleged dumping of Vitamin C from China following a complaint by a domestic manufacturer.</p>.<p>Vitamin C is used by pharmaceutical firms for the production of medicines</p>.<p>Bajaj Healthcare Ltd has filed the application before the commerce ministry's investigation arm DGTR, seeking initiation of the probe.</p>.<p>The company alleged that the domestic industry is impacted due to the dumping of Vitamin C from China PR and has requested for the imposition of anti-dumping duty on the imports, according to the notification of Directorate General of Trade Remedies (DGTR).</p>.<p>On the basis of prima facie evidence submitted by the applicants, "the authority, hereby, initiates an investigation," it said.</p>.<p>In the probe, the directorate will determine the existence, degree and effect of any alleged dumping in respect of the product from China.</p>.<p>If DGTR will find that there is dumping and it is impacting the domestic manufacturer, it will recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry.</p>.<p>While the DGTR recommends the duty, the Finance Ministry imposes the same.</p>.<p>The period of investigation is April 2019- March 2020. It would also look into the data of April 2016-19 period.</p>.<p>In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.</p>.<p>Dumping impacts the price of that product in the importing country, hitting margins and profits of the manufacturing firms.</p>.<p>According to global trade norms, a country is allowed to impose tariffs on such dumped products to provide a level-playing field to domestic manufacturers. The duty is imposed only after a thorough investigation by a quasi-judicial body, such as DGTR, in India.</p>.<p>The imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and China are members of this Geneva-based organisation, which deals with global trade norms.</p>.<p>The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. </p>
<p>India has initiated a probe into the alleged dumping of Vitamin C from China following a complaint by a domestic manufacturer.</p>.<p>Vitamin C is used by pharmaceutical firms for the production of medicines</p>.<p>Bajaj Healthcare Ltd has filed the application before the commerce ministry's investigation arm DGTR, seeking initiation of the probe.</p>.<p>The company alleged that the domestic industry is impacted due to the dumping of Vitamin C from China PR and has requested for the imposition of anti-dumping duty on the imports, according to the notification of Directorate General of Trade Remedies (DGTR).</p>.<p>On the basis of prima facie evidence submitted by the applicants, "the authority, hereby, initiates an investigation," it said.</p>.<p>In the probe, the directorate will determine the existence, degree and effect of any alleged dumping in respect of the product from China.</p>.<p>If DGTR will find that there is dumping and it is impacting the domestic manufacturer, it will recommend the amount of anti-dumping duty, which if levied, would be adequate to remove the injury to the domestic industry.</p>.<p>While the DGTR recommends the duty, the Finance Ministry imposes the same.</p>.<p>The period of investigation is April 2019- March 2020. It would also look into the data of April 2016-19 period.</p>.<p>In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.</p>.<p>Dumping impacts the price of that product in the importing country, hitting margins and profits of the manufacturing firms.</p>.<p>According to global trade norms, a country is allowed to impose tariffs on such dumped products to provide a level-playing field to domestic manufacturers. The duty is imposed only after a thorough investigation by a quasi-judicial body, such as DGTR, in India.</p>.<p>The imposition of anti-dumping duty is permissible under the World Trade Organization (WTO) regime. India and China are members of this Geneva-based organisation, which deals with global trade norms.</p>.<p>The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters. </p>