| Date: |
22-01-2013 |
| Subject: |
Indian govt imposes antidumping duty on Phthalic Anhydride |
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The Department of Revenue, under the Ministry of Finance, Government of India, has imposed anti-dumping duties on Phthalic Anhydride originating in, or exported from, Korea RP, Taiwan (Chinese Taipei) and Israel, and imported into India.
The rate of duty varies from US$ 17.99/ton to US$ 150.88/ton.
The anti-dumping duty shall be levied for a period of five years (unless revoked, amended or superseded earlier) from December 24, 2012.
The duty has been levied based on the findings of the designated authority, which were published in the Gazette of India, Extraordinary, Part I, Section 1, vide notification No. 14/1/2011-DGAD, dated the 28th September, 2012.
The authority had concluded that Phthalic Anhydride had been exported to India from the subject countries (i) below its associated normal value, except in the cases wherein the dumping margin has been found to be negative; (ii) the domestic industry has suffered material injury in respect of the subject goods; and (iii) the injury has been caused by the dumped imports of the subject goods from subject countries.
Source : fibre2fashion.com
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