New Delhi: Now import of Saccharin, a kind of sweetener, from China would attract 20 per cent countervailing duty, according to official notification.
The product would attract 20 per cent duty, to be imposed on the base of CIF (Cost, Insurance and Freight) value.
The government imposed the duty on Chinese imports for five years to protect domestic players from cheap imports.
The Department of Revenue imposed the duty on the recommendation of the Directorate General of Trade Remedies (DGTR) under the commerce ministry.
The DGTR has concluded that Saccharin has been exported to India at subsidised value, which has caused material injury to the domestic industry.
Saccharin import stood at USD 3.94 million in April-July 2019-20 and USD 7.60 million in 2018-19. From China, the import of the product slightly dipped to USD 4 million in 2018-19 from USD 4.17 million in the previous fiscal.