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Anti-dumping duty imposed on imports of polypropylene
19 Jun '09
1 min read
On an appeal filed by two manufacturers of polypropylene; Reliance Industries and Haldia Petrochemicals, the Union Ministry of Commerce has issued a notification recommending a provisional anti-dumping duty on imports of the raw material from Singapore, Oman and Saudi Arabia.
Currently there is an import duty of 5 percent on polypropylene and with this new order it will be charged between 5.08 percent and 235.35 percent on imports from Singapore, between 1.89 percent and 185.68 percent from Saudi Arabia and range between 29.31 percent and 243.7 percent for imports from Oman.
This provisional anti-dumping duty will be applicable for six months, during which period, hearings from both sides will continue, and if at the end of six months it is found that it is still harming the domestic producers, it will be implemented for a period of five years or else the additional duty collected would be refunded.
Click here to read full notification.
Currently there is an import duty of 5 percent on polypropylene and with this new order it will be charged between 5.08 percent and 235.35 percent on imports from Singapore, between 1.89 percent and 185.68 percent from Saudi Arabia and range between 29.31 percent and 243.7 percent for imports from Oman.
This provisional anti-dumping duty will be applicable for six months, during which period, hearings from both sides will continue, and if at the end of six months it is found that it is still harming the domestic producers, it will be implemented for a period of five years or else the additional duty collected would be refunded.
Click here to read full notification.
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