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 ?xml:namespace>
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.
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