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Friday, May 16, 2003

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Industry & Economy - Anti-dumping

Dumping duty on imports of PTA may go

K.R. Srivats


THE Designated Authority in the Commerce Ministry has recommended the discontinuation of anti-dumping duty on all purefied terephthalic acid (PTA) exported to India from Indonesia, Thailand and South Korea.

The discontinuation of anti-dumping duty, if implemented by the Finance Ministry, would lower the protection levels hitherto available for domestic producers of PTA, an industry observer said.

PTA, a white crystalline powder insoluble in water, is the main building block of a polyester fabric. It is used in the manufacture of polyester staple fibre, polyester filament yarn and polyester terephthalate. PTA is made by oxidisation of paraxylene.

In its final findings on anti-dumping investigations concerning Sunset Review of anti-dumping duty on imports of PTA from Indonesia, South Korea and Thailand, the Authority has concluded that PTA has not been exported to India from these three countries during the period of investigation (April 1, 2001 to December 31,2001) and that the domestic industry - Reliance Industries Ltd — has not suffered material injury from the import of PTA from these countries.

The Authority, however, did not find merit in the submission of the "domestic industry" that their net selling price of PTA would get reduced to the extent of anti-dumping duty that is being revoked in the Sunset Review.

It also noted that there is no basis for the domestic industry's claim that in the absence of anti-dumping measures, there would be recurrence of imports from the three countries and consequent injury to it.

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