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'India imposed anti-dumping duty on PTA from 5 countries'
28
Jul '16
Protecting the interests of domestic manufacturers, India has imposed anti-dumping duty on import of PTA or Purified Terephthalic acid from five countries on July 5, the Union Minister of State for Commerce and Industry, Nirmala Sitharaman said in a written reply in Rajya Sabha.
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The countries slapped with anti-dumping duty are China, Iran, Indonesia, Malaysia and Taiwan.

Imports of PTA from these nations now attract an import restrictive tax in the range of $ 85.87 to $168.76 per Metric Tonne, according to an official release.

The import restrictive tax was imposed by the Revenue Department on recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD) following petitions by the domestic industry.

PTA finds extensive use in the textile industry.

The DGAD had initiated anti-dumping investigations in respect of imports of PTA from the above-mentioned countries on 18 June 2015 and submitted its final recommendations on June 9, 2016. (SH)

 

Fibre2Fashion News Desk – India


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