Recently, India’s Ministry of Finance has imposed definitive anti-dumping duty on purified terephthalic acid (PTA) imported from South Korea and Thailand.
The Revenue Department of India has now imposed a definitive anti-dumping duty of $27.32 per tonne on PTA produced by Hanwha General Chemical Co Ltd and exported by Hyosung TNC Corporation, based on the recommendations of the Designated Authority in the Commerce Ministry in its sunset review findings.
For PTA exported by Taekwang Industrial Co Ltd, the Revenue Department has imposed definitive anti-dumping duty of $23.61 per tonne. For all other exporters from South Korea, it has been pegged at $78.28 per tonne. In the case of PTA exported by Indorama Petrochem Ltd and TPT Petrochemicals Public Co Ltd, Thailand, the Revenue Department has now imposed an anti-dumping duty of $45.43 per tonne. For all other exporters from Thailand, the duty has been pegged at $62.55 per tonne.
The latest action comes in less than a month after the Designated Authority came up with its final findings on the sunset review.
