Related Keywords: adversely affected by anti dumping duty on PTA, benefit giant industries monopolize yarn manufacturing business, Finance ministry of India decision to impose definitive anti dumping duty, high import duty will prevent small spinners in Surat, iporting PTA, main raw material, manufacturing of yarn, MMF hub, Purified terephthalic acid, Surat
Surat, India's largest man-made fabric (MMF) hub to be adversely affected by the decision of Government of India's finance ministry to impose definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia.
As per the government notification, the PTA imports from China, Iran, Taiwan, Indonesia and Malaysia will attract duty ranging from $85.67 per tonne to $168.76 per tonne. The high import duty will prevent small spinners in Surat and other places in the country from importing PTA, main raw material for manufacturing of yarn.
