Rapid Fire
Anti-Dumping Duty on Cypermethrin
- 22 Jan 2025
- 2 min read
Recently, China has imposed an anti-dumping duty on the import of cypermethrin insecticide from India, citing substantial damage to its domestic industry.
Cypermethrin:
- It is a synthetic pyrethroid insecticide commonly used in agriculture and for household pest control.
- Pyrethroids are derived from pyrethrins (a natural compound) found in Chrysanthemum cinerariaefolium flowers.
- It targets a wide range of pests, including ants, cockroaches, and agricultural insects.
- It is a neurotoxin that acts quickly on insects, killing them by affecting their central nervous system.
Anti-dumping Duty:
- Anti-Dumping Duty is a tax imposed on imported goods that are believed to be sold at a price lower than their fair market value in the exporting country.
- In India, it is imposed by the Ministry of Finance based on recommendations from the Directorate General of Trade Remedies (DGTR) operating under the Ministry of Commerce and Industry.
- It is calculated as the difference between the normal value and the export value of the product.
- Dumping occurs when a country exports goods at prices lower than those in its domestic market, constituting an unfair trade practice as per World Trade Organisation that can distort international trade.
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