PREVIOUS
✖
Ofloxacin import
March 19 , 2018
2495 days
1064
0
- The Revenue Department in the Finance Ministry has imposed anti-dumping duty on import of ‘Ofloxacin’.
- ‘Ofloxacin’ is a pharma product used in treatment of certain infections from China.
- The levy has been slapped for 3 years following the recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD).
- The product has been exported to India from China below its normal value, resulting in dumping.
- Ofloxacin is in a class of antibiotics called fluoroquinolones. It works by killing bacteria that cause infection.
- The duty levy is aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with regard to foreign producers and exporters.
- In India, anti-dumping duty to be levied is recommended by Ministry of Commerce (i.e. by DGAD), while Finance Ministry imposes it.
Leave a Reply
Your Comment is awaiting moderation.