Home / Knowledge / News / Textiles / India imposes duty on PTA imports from Korea, Thailand

India imposes duty on PTA imports from Korea, Thailand

31
Jul '19
Pic: Shutterstock
Pic: Shutterstock
The Indian government has imposed anti-dumping duty on imports of purified terephthalic acid (PTA) from South Korea and Thailand for a period of five years. The duty will be in the range of $23.61/mt to $78.28/mt for imports from South Korea, while it will be between $45.43/mt and $62.55/mt for products from Thailand, an official notification said.
 
PTA manufactured and exported by South Korea-based Taekwang Industrial Co., Ltd would attract a duty of $23.61/mt. PTA manufactured by Hanwha General Chemical Co., Ltd and exported by Hyosung TNC Corporation would attract $27.32/mt. PTA manufactured or exported by any other Korean company would attract $78.28/mt, the department of revenue under the ministry of finance said in a notification.
 
For PTA manufactured and exported by Thailand-based Indorama Petrochem Ltd and TPT Petrochemicals Public Co. Ltd the duty would be $45.43/mt. For all other PTA originating or exported from Thailand, the duty would be $62.55/mt, the notification said.
 
The announcement of imposition of anti-dumping duty has come within a month after the Designated Authority came up with its final findings on the sunset review. The petition seeking review was filed by Reliance Industries Ltd and MCPI Private Ltd.
 
PTA is primary raw material in the manufacture of polyester chips, which are used in making synthetic textiles. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

E-commerce | On 18th Aug 2019

E-commerce sales grow faster in rural China in H1

Rural China saw faster growth in e-commerce sales compared to urban...

Pic: Steve Madden

Apparel/Garments | On 18th Aug 2019

Steve Madden acquires Italian footwear brand Greats

Steve Madden, a designer and marketer of fashion footwear and...

Pic: Shutterstock

Retail | On 18th Aug 2019

For every US retailer closing stores, 5 are opening: IHL

More than five retail chains are opening stores for every retailer...

Interviews View All

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

John Elmuccio,

John Elmuccio

Evolution St Louis is a company setting up a high-tech knitting facility...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


August 2019

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

news category


Related Categories:

Advanced Search