India sets company-specific ADD on Saudi, Oman, Singapore PP

17 June 2009 11:42  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s Anti-Dumping Authority (ADA) has recommended levying company-specific duties ranging from $44.4/tonne (€31.97/tonne) to $1,033.65/tonne on polypropylene imports from Saudi Arabia, Oman and Singapore, a government official said on Wednesday.

In its preliminary report dated 15 June submitted to the Ministry of Finance, ADA said some companies that directly export their PP products or those that use specified marketing arms would be exempted from the provisional anti-dumping duties (ADD).

For instance, ADA has not recommended imposition of any levy on PP manufactured and exported by Oman Polypropylene LLC (OPP). But an ADD of $997.6/tonne would apply if OPP’s products were exported by another company.

But in the case of petrochemical giant ExxonMobil ChemicalADA has recommended a $44.43/tonne levy on PPs it produced and directly exported into India. Its materials would only be exempted from duties if they were to be exported through Mitsubishi Chemical Thailand (Co.) Ltd.

ADA had initiated an anti-dumping investigation following a petition from Reliance Industries Limited (RIL) in February.

The application was supported by Haldia Petrochemicals Limited (HPL), the only other domestic PP producer in India.

The ADD tariff would be applicable to homo-polymers of propylene and copolymers of propylene and ethylene.

($1 = €0.72)

Bohan Loh contributed to this article

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By: Naresh Minocha
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