Left Menu
Development News Edition

India probes alleged jump in imports of palm oil from Malaysia

PTI | New Delhi | Updated: 16-08-2019 14:15 IST | Created: 16-08-2019 14:15 IST
India probes alleged jump in imports of palm oil from Malaysia

The government has initiated a probe into alleged jump in imports of a particular variety of palm oil from Malaysia, following a complaint from Solvent Extractors' Association of India. Commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has said after examining the application filed by the petitioner, it has prima facie found sufficient evidence that the imports have increased significantly and that has caused serious injury to domestic producers.

In the probe, the directorate would see whether the imports of 'Refined Bleached Deodorised Palmolein and Refined Bleached Deodorised Palm Oil' has increased significantly and has caused serious injury to domestic producers. "It is considered appropriate to initiate (the probe) in order to determine whether the imports of the product under consideration from Malaysia constitute increased imports and whether the increased imports have caused or are threatening to cause serious injury to the domestic producers," the DGTR has said in a notification.

If found that the jump in imports have impacted domestic players, the directorate would recommend safeguard duty on the palm oil. Finance ministry takes the final call to impose the duty. The investigation is being carried out under India-Malaysia Comprehensive Economic Cooperation Agreement (Bilateral Safeguard Measures) Rules, 2017. The agreement is a kind of free trade pact under which both countries have reduced customs duties on several goods traded between them.

The application for the probe was filed by the Solvent Extractors' Association of India on behalf of domestic producers. It has alleged that increase in imports of the oil from Malaysia is causing serious injury or there is a threat of serious injury to domestic producers. The petitioner has claimed significant decline in production, sales and capacity utilization for the product. They have also stated that market share of Indian industry has declined whereas market share of imports has increased. The period of investigation has been taken as January 2019 -June 2019. It would also consider the import data of 2016-19.


TRENDING

OPINION / BLOG / INTERVIEW

Pandemic must be impetus, not obstacle, for clean water access

To make matters worse, there are suspicions that the inadequacy of wastewater treatment methods in California, the rest of the USA, and indeed around the world may help to propagate the disease even more widely. ...

3D printing and the future of manufacturing post COVID-19

The on-demand, customizable, and localized manufacturing of product components facilitated by 3D printing has the potential to redefine manufacturing but there are certain technical, mechanical, and legal limitations that, unless ...

How UK’s 'best prepared' healthcare system failed to gauge COVID-19

The UK is proud of their public health system and its unlike any other country as around 90 percent of British public supports the founding principles of National Health Service. But without accurate data being available to stakeholders in ...

Poor on IHR capacity progress in 2019, WHO says Cambodia tops COVID-19 response

Despite being in proximity to Hubei, the original epicenter of COVID-19 pandemic, Cambodia has reported just 226 confirmed cases and zero deaths. After seeing the data, WHO appreciated Cambodias healthcare information system but experts dou...

Videos

Latest News

For pandemic jobless, the only real certainty is uncertainty

For three decades, Kelly Flint flourished as a corporate travel agent, sending everyone from business titans to oil riggers around the planet. Then came the worst pandemic in a century, leaving her jobless and marooned in an uncertain econo...

BCCI eyes start of domestic season from November 19, IPL players may miss first few rounds

The BCCI is mulling November 19 as tentative date for start of domestic season with Syed Mushtaq Ali T20 tournament but Indian players in various IPL teams wont be able to play first few rounds due to quarantine protocols in place. The dela...

North Macedonia police find 94 migrants hidden in truck

Police in North Macedonia say they have found 94 migrants packed into a truck in a the countrys southeast. A police patrol stopped the truck with Macedonian national license plates late Saturday near the town of Radovish, 110 kilometers 68 ...

Ghazipur slaughterhouse: Mayor says norms to apply relaxed for new tender

East Delhi Mayor Nirmal Jain on Sunday said that the norms to apply to a new tender for the Ghazipur slaughterhouse have been significantly relaxed for private companies. The last date to apply for the tender floated on July 20, is August 2...

Give Feedback