Daily Current affairs
The Finance Ministry has imposed a five year anti-dumping duty on Sodium Nitrite imports from China. Deepak Nitrite Ltd had filed the petition, which was also supported by Punjab Chemicals & Crop Protection Ltd, seeking sunset review investigations on Sodium Nitrite imports from China, sources said.There are two more producers of Sodium Nitrite in the country - National Fertilisers Ltd and Rashtriya Chemicals and Fertilisers Limited.
Based on the recommendations of the Designated Authority in the Commerce Ministry in its final findings of its third sunset review investigations, the revenue department has imposed definitive anti-dumping duty of $ 72.95 per tonne on Sodium Nitrite imports from China.
Sodium Nitrite is an oxidising and also a reducing agent. It is a white crystalline powder mostly used in the pharmaceutical and dye industries, lubricants, lubricants, construction chemicals, rubber blowing agent, meat processing, and textiles.