India levies 25% safeguard duty on PA imports

30 January 2009 15:59  [Source: ICIS news]

NEW DELHI (ICIS news)--India has imposed a provisional safeguard duty of 25% on imports of phthalic anhydride (PA) from select countries, a government official said on Friday.

The safeguard duty, which will last until 26 August 2009, would not apply to imports from countries classified as “developing” under India's Customs Tariff Act, excluding Pakistan, Indonesia and Thailand.

In its preliminary findings submitted earlier this month, the Directorate General of Safeguards (DGS) had advised the government to impose the levy for a period of 200 days to protect domestic PA manufacturers from further injury due to a surge in imports.  

The imports had forced all five Indian PA producers to shut down their plants during October and November.

Read Paul Hodges’ Chemicals and the Economy Blog
To discuss issues facing the chemical industries please visit ICIS connect

By: Naresh Minocha
+65 6780 4359

< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 18 January 2010)

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