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EC to review measures on Indian PET imports
17
Jun '10
The European Commission has received a request for a partial interim review on definitive countervailing duty and anti-dumping duty imposed on imports of certain polyethylene terephthalate (PET) originating in India.

This countervailing as well as antidumping duty was imposed to protect European PET producers against subsidized imports from countries not members of the European Community. The request was lodged by Reliance Industries Ltd. (RIL), a PET exporting producer from India.

RIL has provided prima facie evidence that, as far as the applicant is concerned, the circumstances with regard to subsidisation on the basis of which measures were imposed have changed significantly and that these changes are of lasting nature.

The applicant alleges that the continued imposition of the measure on imports of the product under review at its current level is no longer necessary to offset the countervailable subsidisation.

The applicant has provided sufficient evidence that its subsidy amount has decreased well below the duty rate currently applicable to it. This reduction in the overall subsidy level is mainly due to a significant drop in the benefits availed of under the Duty Entitlement Passbook Scheme (DEPB).

In the light of the above, the Commission considers that, as far as subsidisation of Reliance Industries Limited is concerned, there is sufficient prima facie evidence that the circumstances with regard to subsidisation have changed significantly and are of a lasting nature and, therefore, the measures should be reviewed.

Click here to view EC notice of initiation of a partial interim review of countervailing measures.

Click here to view EC notice of initiation of a partial interim review of antidumping duty.

Fibre2fashion News Desk - India

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