US accuses Indian, Chinese PET resin exporters of dumping

13 Aug '15

4 min read

Based on allegations filed in the India CVD case, the probe found that critical circumstances do not exist for Dhunseri Petrochem Ltd., but do exist for JBF Industries Limited and all other producers/exporters in India. Where critical circumstances are found, CBP will be instructed to impose provisional measures retroactively on entries of PET resin up to 90 days prior to publication of the preliminary determination Federal Register notice.

In 2014, imports of PET resin from China, India, and Oman were valued at an estimated $92.1 million, $51.7 million, and $51.1 million, respectively.

The Department of Commerce has aligned the CVD investigations with the concurrent antidumping duty investigations, and is scheduled to announce its final determinations on or about December 21, 2015, unless the statutory deadline is extended.

If it makes affirmative final CVD determinations, and the US International Trade Commission (ITC) makes affirmative final determinations that imports of PET resin from China, India, and/or Oman, materially injure, or threaten material injury to, the domestic industry, the Department of Commerce will issue CVD orders. If either the Department's or the ITC's final determinations regarding imports from China, India, or Oman are negative, no CVD order will be issued with respect to that country.

The ITC is scheduled to make its final injury determination approximately 45 days after Department of Commerce issues its final determination, if affirmative. (SH)

Fibre2Fashion News Desk – India

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