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DGTR recommends anti-dumping duty on Chinese PET resin

31
Dec '20
Pic: Shutterstock
Pic: Shutterstock
The Directorate General of Trade Remedies (DGTR), under India's ministry of commerce and industry, has recommended imposition of anti-dumping duty on imports of polyethylene terephthalate (PET) resin originating in or exported from China. The imposition of anti-dumping duty is required to offset the injury caused to the domestic industry, the DGTR said.

The DGTR has recommended imposition of anti-dumping duty equal to the lesser of margin of dumping and the margin of injury. Accordingly, definitive anti-dumping duty ranging from $15.54 per MT to $200.66 per MT is recommended to be imposed for five years from the date of the Notification to be issued by the Central Government, on all imports originating in or exported from China, DGTR said in its final findings of the anti-dumping investigation.

The investigation was carried out based on an application filed with the Authority by IVL Dhunseri Petrochem Industries Private Limited and Reliance Industries Limited.

The product under consideration is virgin bottle-grade PET resin, defined as “polyethylene terephthalate resin having anintrinsic viscosity of 0.72 deciliters per gram or higher” except recycled PET resin. Originally, these were classified under the codes 39076010 and 39076020. However, On February 2, 2017, the product’s classification was changed to 39076100 and 39076910. And with effect from January 1, 2020, the classification was further changed to 39076190 and 39076990.

Besides textiles, PET resin is used to make plastic bottles, tyres, and other items.

The ministry of finance will now take final call on the imposition of the anti-dumping duty.
 

Fibre2Fashion News Desk (RKS)


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