India Imposes Five-Year Anti-Dumping Duty on Korean Acrylonitrile Butadiene Rubber to Protect Domestic Industry.

The Government of India has imposed a definitive anti-dumping duty on imports of Acrylonitrile Butadiene Rubber (NBR) from Korea RP for five years. This decision follows a review by the designated authority, which found continued dumping of NBR causing injury to the domestic industry. The review highlighted negative impacts such as price undercutting, underselling, and deteriorating financial performance of the domestic industry. The anti-dumping duty rates vary based on the producer and exporter, with specific rates applied to imports from Korea RP and other countries. The duty will be paid in Indian currency and is subject to exchange rates specified by the Ministry of Finance.

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