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India likely to impose anti-dumping duty on PTA from 5 nations

Related Keywords: below normal value, DGAD, exported to India, impose duties under the multi-lateral WTO regime, jointly filed application, mainly used in textile and packaging industry, MCC PTA India Corp, protect domestic players, Purified Terephthaliac acid, resulted in dumping, RIL, seeking anti dumping investigations

It has been found that ‘Purified Terephthalic Acid’ has been exported to India from China, Iran, Indonesia, Malaysia and Taiwan below its normal value which has resulted in dumping, according to the Directorate General of Anti-Dumping and Allied Duties (DGAD) , under the ministry, in its finding. After, MCC PTA India Corp and Reliance Industries Ltd (RIL) jointly filed an application seeking anti-dumping investigations.

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