Deepak Nitrite Benefits from Backward Integration Tailwinds Following Dasda Ruling
Deepak Nitrite Ltd Benefits from Indian Government's Anti-Dumping Duty Proposal
The Indian government's consideration of imposing an anti-dumping duty on imports of Diamino Stilbene Disulphonic Acid (Dasda) from China has provided some relief to Deepak Nitrite Ltd's investors. The Directorate General of Trade Remedies (DGTR) has found merit in the company's complaint, validating its stance.
The DGTR has proposed a reference-price-based duty, where importers would be required to pay the difference between the arrival price and a reference price of $3,453 per tonne. This move is expected to provide a favorable outcome for Deepak Nitrite Ltd, which has been impacted by the import of cheap Dasda from China.
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Investor Takeaway
Investors in Deepak Nitrite Ltd may benefit from the anti-dumping duty on Dasda imports from China.
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