Anti-Subsidy Investigation on Imports of Metformin from India.
Today, January 29th, the Ministry of Economy published the Notice of initiation of the Anti-Subsidy Investigation on Imports of Metformin, originating from India in the Mexican Official Gazette.
Petitioners
The company Sinbiotik S.A. de C.V. (“Sinbiotik”) is the domestic producer in Mexico and requested the anti-subsidy investigation
Investigated Product
Metformin or metformin hydrochloride, whose technical name is “1, 1-Dimethylbiguanide monohydrochloride”.
Mexican Tariff Item
Metformin enters under tariff item 2925.29.99 of the Mexican Law of General Import and Export Tariffs.
Subsidies investigated in India:
National Programs:
- Tax Refund Scheme.
- Advance Authorisation Scheme.
- Export Promotion Capital Goods scheme.
- Export Oriented Units.
- Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs) in the Country.
- Production Linked Incentive (PLI) scheme for Pharmaceuticals.
Regional and Local Programs:
- Special Economic Zones – Income Tax Exemption.
- Special Economic Zones – Goods and Services Tax.
- Maharashtra Package Scheme of Incentives
- Exemption from taxes on electricity.
- Gujarat – Assistance for Micro, Small and Medium Enterprises (MSMEs).
Calculation of subsidy amount:
Unit amount, based on the percentages established in each incentive program granted by India and other state authorities.
Period of Investigation:
July 1st, 2022, to June 30th, 2023.
Period of Analysis:
July 1st, 2020, to June 30th, 2023.
Deadline to Participate
The deadline to submit the questionnaire is March 8, 2024, although an extension may be requested.
List of Exporters
If you are interested in the list of Indian exporters of metformin, check out our legal alert on this Anti-Subsidy investigation.
Do you need more information?
VTZ is a Mexican Law Firm with 50 years of experience, specialized in International Trade with a strong focus on antidumping investigations. Contact our key members today:
Adrian Vázquez
Managing Partner
Emilio Arteaga
Jr. Partner
Vero Vázquez
Partner
