: Refrigerators to cost more with antidumping on HFC in India #FinanceIndia #StockMarketNEWS Refrigerators to cost more with anti-dumping on HFC in India New Delhi, 23 Dec (KNN) Based on the recommendations

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Refrigerators to cost more with antidumping on HFC in India #FinanceIndia #StockMarketNEWS
Refrigerators to cost more with anti-dumping on HFC in India New Delhi, 23 Dec (KNN) Based on the recommendations of the Directorate General of Trade Remedies (DGTR) in its final findings in June, the revenue department of the finance ministry has imposed definitive anti-dumping duty on imports of “Hydro Fluro carbon (HFC) component R-32” from china as reported by business line.

R-32 is a refrigerant used in small split air conditioning systems. This definitive anti-dumping duty would be valid for five years. Earlier SRF Limited had filed a petition seeking anti-dumping duty on HFC R-32 imports from China.

The revenue department has imposed a definitive anti-dumping duty of USD 1,171.78 per tonne on HFC R-32 produced by Shandong Dongyue Chemical Co Ltd, USD 1,394.96 per tonne on Zhejiang Quzhou Juxin Fluorine Chemical Co Ltd.

In the case of HFC R-32 produced by Jiangsu Sanmei Chemical Ind Co Ltd and Fujian Qingliu Dongying Chemical Ind Co Ltd., the anti-dumping duty of USD 1,344.60 has been fixed.

For the rest of the producers from China, the anti-dumping duty has been pegged at USD 1,519.70 per tonne, according to the revenue department.

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