Home / Knowledge / News / Textiles / Indian govt imposes anti-dumping duty on PTA import
Indian govt imposes anti-dumping duty on PTA import
31
Jul '14
The Department of Revenue, under the Ministry of Finance, Government of India, has issued a notification imposing anti-dumping duty on Purified Terephthalic Acid (PTA) ranging between US$ 19.05 per ton to $117.09 per ton, on imports from China, South Korea, Thailand and the European Union, with effect from July 25, 2014.
 
The anti-dumping duty has been imposed on PTA, including its variants Medium Quality Terephthalic Acid (MTA) and Qualified Terephthalic Acid (QTA) falling under tariff item 2917 36 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).
 
In its preliminary findings, issued vide notification No. 14/7/2013-DGAD dated 19th June, 2014, the Directorate General of Anti dumping and Allied Duties (DGAD), had come to the conclusion that (a) the PTA have been exported to India from China, EU, Korea & Thailand below their normal value thus resulting in the dumping; (b) the domestic industry has suffered material injury due to dumping of the PTA from the said countries; and (c) the material injury has been caused by the dumped imports from the said countries.
 
The designated authority in its findings had recommended imposition of provisional anti-dumping duty on the PTA, originating in or exported from China, EU, Korea & Thailand and imported into India, in order to remove injury to the domestic industry.
 
Hence, in exercise of the powers conferred by sub-section (2) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 13 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Government of India has imposed a duty of US$ 62.82 per metric tonne (mt) on PTA imported or originating from China.
 
For PTA manufactured by South Korea-based Samsung General Chemical Co. Ltd. and Taekwang Industrial Co. Ltd., the duty would be $29.86 per mt and $19.05 per mt, respectively. PTA manufactured by all other South Korean companies would attract a duty of $117.09 per mt, according to the notification.
 
PTA manufactured and exported by Thailand-based Indorama Petrochem Ltd. and TPT Petrochemicals Public Limited would attract duty at the rate of $27.49 per mt, while all other PTA manufactured in Thailand would need to pay $99.51 per mt.
 
A duty of $23.75 per mt would be levied on PTA originating or exported from the European Union, as per the notification.
 
The anti-dumping duty would be levied for a period not exceeding six months (unless revoked, amended or superseded earlier) from July 25, 2014, and would be payable in Indian currency.
 
Click here to access the notification.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Apparel/Garments | On 19th Jan 2017

Apparel brand Mango adapts website for Middle East region

Spanish apparel brand Mango has unveiled an adapted version of its...

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search