Dumping duty imposed on PTA imports from 5 countries

The Finance Ministry has imposed definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia.

PTA -- a white, free flowing crystalline powder-- is the primary raw material for the manufacture of polyester chips which in turn is used in a number of applications in textiles, packaging, furnishings, consumer goods, resins and coatings.

MCC PTA India Corp Pvt Ltd and Reliance Industries Ltd had filed the petition seeking levy of anti-dumping duty on PTA imports from these four countries. Indian Oil Corporation, another producer of PTA, had supported the petition.

Based on the recommendations of the designated authority in its final findings, the revenue department has imposed anti-dumping duty that ranged from $83.08 per tonne to $168.76 per tonne depending on the producer and country of export.

The anti-dumping duty has been levied for a period of five years and is effective December 10, 2015, which is the date of imposition of provisional anti-dumping duty.

This revenue department move came almost a month after the designated authority's recommendations in its final findings on June 9 this year.

In the case of China, the revenue department has levied anti-dumping duty of $ 95.70 per metric tonne on PTA produced by BP Zhuhai Chemical Company Ltd and exported by BP Asia Ltd, Hong Kong.

For all other producers and exporters of PTA from China, the anti-dumping duty has been pegged at $ 97.60 per metric tonne.

In the case of Indonesia, the revenue department has imposed definitive anti-dumping duty of $ 83.08 per metric tonne on PTA produced by BP Petrochemicals and exported by BP Asia Ltd, Hong Kong.

For all other producers and exporters of PTA from Indonesia, the anti-dumping duty has been pegged at $ 168.76 per metric tonne.

In the case of Taiwan, the revenue department has imposed definitive anti-dumping duty of $ 136.72 per metric tonne on PTA produced by China American Petrochemical Co Ltd, Taiwan and exported by BP Asia Ltd, Hong Kong.

For PTA produced and exported by Formosa Chemicals & Fibre Corporation, Taiwan, the revenue department has pegged the anti-dumping duty at $ 85.87 per tonne.

For all other producers and exporters of PTA from Taiwan, the anti-dumping duty has been pegged at $ 153.60 per tonne.

While PTA imports from Iran will now attract anti-dumping duty of $ 102.86 per tonne, the duty in the case of PTA imports from Malaysia has been pegged at $ 98.48 per tonne.

Srivats.kr@thehindu.co.in

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