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CBIC imposes anti-dumping duty on ciprofloxacin hydrochloride: Here's how it benefits Aarti Drugs

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The Central Board of Indirect Taxes and Customs (CBIC) has imposed anti-dumping duty on ciprofloxacin hydrochloride, which is an active pharmaceutical ingredient (API) used to make antibacterial.

The Central Board of Indirect Taxes and Customs has imposed anti-dumping duty on ciprofloxacin hydrochloride, which is an active pharmaceutical ingredient (API) used to make antibacterial.
Anti-dumping duty on imports from China have been implemented for a span of five years and will range between $0.91 and $3.27 per kg.
Around 20 percent of the revenues for Aarti Drugs comes from this particular API and the move is positive for the company.
CNBC-TV18's Ekta Batra explains how Aarti Drugs will benefit now.
To know more, watch the video.
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