28 January 2009 10:29 [Source: ICIS news]
SINGAPORE (ICIS news)--India has extended the effective date of the definitive anti-dumping duties on flexible slabstock polyol imports from China, Taiwan, South Korea and Brazil by six months from the end of January, local traders said on Wednesday.
A review would be carried out to determine if the existing duties were still necessary and whether dumping activities would continue or recur if the duties were removed or varied, according to a statement from India's Ministry of Commerce and Industry.
The review was initiated after the country’s sole local producer, Manali Petrochemical, requested a hike in the reference price for these imports, and it was expected to be completed by the end of July, a local trader said.
Existing anti-dumping duties – based on a reference price of $1,472.77/tonne – imposed in January 2005 on imports from China, Taiwan, South Korea and Brazil were originally scheduled to expire at the end of January this year, traders said.
A definitive duty refers to the differential between the landed value of the imported product and the reference price set by the Indian authority on the exporting country, and arises only if the landed value is lower than the reference price.
India has also imposed anti-dumping duties on flexible slabstock polyol imports from the US, Japan and Singapore.
Flexible slabstock polyol is a raw material for making polyurethane foams used in various industries, including automotive and furniture.Please visit the complete ICIS plants and projects database
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