India extends ADD on polyester films by one year

29 August 2008 17:57  [Source: ICIS news]

NEW DELHI (ICIS news)--India has extended the definitive anti-dumping duty (ADD) on import of sun and/or dust control polyester films from Taiwan and United Arab Emirates (UAE) by one year to 25 August 2009, it said on Friday.

A Finance Ministry notification said this decision was taken at the request of the anti-dumping authority (ADA) in the Commerce Department, which had sought time to complete sunset review (SSR) of ADD.

ADA had initiated the SSR on 14 August following a request from monopoly producer, Garware Polyesters Limited (GPL) to continue the ADD for another period of five years.

India had levied a reference price (RP)-based, definitive ADD on 29 September with retrospective effect from 26 August 2003, the date on which the provisional ADD was notified.

The ADD on polyester films of Taiwanese origin is calculated as equivalent to the difference between the RP of $7.99/kg and the price of imports at an Indian port (landed price).

The ADD on films of UAE origin is reckoned as the difference between the RP of $8.17/Kg and the landed price of imports.

Sun/dust control polyester films are produced by using plain polyester film as the base film that is processed by way of siliconising, scratch resistance coating, metallisation or lamination.

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By: Naresh Minocha
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