India set to announce anti-dumping duty on PP imports

11 June 2009 13:52  [Source: ICIS news]

MUMBAI (ICIS news)--India is expected to announce that a provisional anti-dumping duty will be placed on polypropylene (PP) imports from Saudi Arabia, Singapore and Oman, an industry source said on Thursday.

India’s anti-dumping authority initiated an investigation into PP imports from the three countries in March in response to a petition filed by Reliance Industries.

India’s only other PP producer, Haldia Petrochemicals Ltd, also supported the petition.

The investigation was strongly criticised by exporters of PP to India and domestic converters.

The provisional duty would be applicable for 180 days, by which time the anti-dumping authority would submit its definitive findings on the anti-dumping duty to the Finance Ministry, the source said.

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By: Malini Hariharan
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