India imposes 5-year levy on South Korea NBR

05 January 2009 13:01  [Source: ICIS news]

NEW DELHI (ICIS news)--India has imposed definitive anti-dumping duties (ADDs) on nitrile rubber (NBR) imports from South Korea, a government official said on Monday.

The government has levied an ADD of $38.73/tonne on imports from Korea Kumho Petrochemical Co (KKPC) and LG Chem.

All other imports of Korean origin would attract a levy of $362.75/tonne. This tariff would remain in force for five years beginning 2 January.

The tariff protection is to benefit the country’s sole NBR producer, Eliokem India Private Limited (EIPL), which is a subsidiary of France’s Eliokem.

To discuss issues facing the chemical industry go to ICIS connect

By: Naresh Minocha
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly