India Extends ADD on Fluoroelastomers (FKM) from China

India has extended its anti-dumping duty on Fluoroelastomers (FKM) imported from China. This decision, announced by the Ministry of Finance, is a crucial move to protect the domestic industry from unfairly low-priced imports. The anti-dumping duty on FKM, a type of synthetic rubber used in various industries like automotive and aerospace, was originally imposed to counter Chinese companies selling their products in India below their normal value. After a review, the government determined that removing the duty would harm local producers. The extension of the duty aims to ensure a level playing field for Indian manufacturers and maintain market stability.