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India imposes anti-dumping duties on PTA from Thailand & South Korea
India's Finance Ministry has imposed definitive anti-dumping duties on purified terephthalic acid (PTA) from Thailand and South Korea, reported Apic-online with reference to the Hindu Business Line.
The duties were put into place after Reliance Industries Ltd. and MCPI Private Ltd. filed petitions seeking review investigations.
Based on recommendations of the Designated Authority in the Commerce Ministry in its sunset review findings, the Revenue Dept. has imposed a definitive anti-dumping duty of USD45.43 per ton on PTA exported by Indorama Petrochem Ltd. and TPT Petrochemicals PCL. For all other Thai exporters, an anti-dumping duty of USD62.55 per ton has been imposed.
An anti-dumping duty of USD27.32 per ton has been im-posed on PTA produced by Hanwha General Chemical Co. and exported by Hyosung TNC Corp.
For PTA exported by Taekwang Industrial Co., India has imposed anti-dumping duties of USD23.61 per ton. For all other South Korean exporters, an anti-dumping duty of USD78.28 per ton has been imposed.