Government may impose anti-dumping on chemicals
The Dollar Business Bureau India is planning to impose an anti-dumping duty, up to $168.76 per tonne on five countries including China and Iran, for the import of a chemical that is used in the packaging and textile industry. Anti-dumping duties are imposed to save domestic players from losses. Indian players Reliance Industries Ltd (RIL) and MCC PTA India Corp have together filed an application asking for an anti-dumping investigation. The Directorate General of Anti-Dumping and Allied Duties (DGAD) has discovered that ‘Purified Terephthalic Acid’ that was exported to India from Indonesia, Iran, China, Taiwan and Malaysia was of low-quality and had to be dumped. The DGAD confirmed under such conditions it becomes inevitable to impose anti-dumping duties on the exporting countries. The DGAD ...
Anti-Dumping investigation on Purified Terephthalic Acid initiated
The Dollar Business Bureau Yet another investigation is initiated for the anti-dumping concerning imports of Purified Terephthalic Acid (PTA) that are originating in or are exported from China PR, Iran, Indonesia, Malaysia & Taiwan. MCC PTA India Corp. Pvt. Ltd., and Reliance Industries Limited have jointly filed an application before the designated authority of Directorate General of Anti-Dumping & Allied Duties for initiating the anti-dumping investigation. The usual process of the filing has seen its success as the authorities have found a prima-facie evidence of the dumping of the ‘subject goods’ originating from ‘subject countries’ to the domestic industry. The decision has been taken to initiate the investigation into alleged dumping and the consequent injury to the domestic industry, so that ...
