15 February 2010 13:38 [Source: ICIS news]
MUMBAI (ICIS news)--India will soon initiate an anti-dumping investigation into polypropylene (PP) imports from South Korea, Taiwan and the US, market sources said on Monday.
The investigation is being launched following an application made by Indian producers last year.
A market source said letters had been issued to the embassies of the three countries and a notification was likely to be issued soon.
“It will take a few months for the investigation to be completed. We will know about provisional anti-dumping duties, if any, by May or June,” said a second market source.
The Indian government has yet to present its final findings on an anti-dumping probe that was launched last year into PP imports from ?xml:namespace>
Provisional duties lasting for six months were announced in July last year.
“Technically there should be no provisional duties. But the final findings are likely to be presented only in mid-March,” said a trader.
He also highlighted that importers were facing problems in clearing material sourced from producers hit by provisional anti-dumping duties.
“The customs department is not releasing material and asking for a bond,” he said.
The second market source said a notification on the extension of provisional duties by two months was likely to be released soon.
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