Court Rescinds Order Removing Anti-Dumping Duty On PTA

The Gujarat High Court sets aside the Centre’s notification removing anti-dumping duty (ADD) on the import of purified terephthalic acid (PTA) imports from Korea and Thailand.

In a major relief for the domestic manufacturers, the Gujarat High Court order will force the government of India to levy ADD with immediate effect. PTA is a major raw material for producing polyester staple fibre

“However, it was immediately unknown whether, the ADD would be levied on PTA import from Korea and Thailand with retrospective effect,” Polymer Update reported.

“The government shall immediately proceed in respect of Sunset review process in relation to the continuance or otherwise of the countervailing duty already commenced as per notification dated December 08, 2021,” the High Court order read.

The case was filed on behalf of the domestic PTA producers Realstrips Limited and others due to cheap imports from Korea and Thailand causing damage to them.

In its preliminary findings, the Department of Customs recommended imposition of provisional anti-dumping duty on the imports of PTA including its variants originating from China, Iran, Indonesia, Malaysia and Taiwan.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *