India levies anti-dumping duty on imported polyols

01 September 2009 15:58  [Source: ICIS news]

NEW DELHI (ICIS news)--India has imposed definitive anti-dumping duty (ADD) on polyols imported from China, South Korea and Taiwan, a government official said on Tuesday.

The Finance Ministry levied a reference price (RP)-based ADD of $2,601/tonne for five years beginning 31 August 2009, the official said.

Under this tariff mechanism, ADD is calculated as the difference between the RP and the value of the specific import parcel arriving at an Indian port.

An earlier RP-based ADD of $1,472.77/tonne expired on 23 July 2009.

Manali Petrochemicals Ltd (MPL) is India’s sole polyols producer.

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By: Naresh Minocha
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