By Malini Hariharan
India will soon initiate an anti-dumping investigation into polypropylene (PP) imports from South Korea, Taiwan and the US. This follows an application made by Indian PP producers last year.
A couple of market sources have forwarded the letter that has been issued to the embassies of the three countries and a government notification will be issued soon.
PP imports during July 2008-June 2009 will be investigated.
Meanwhile, the Indian government has yet to present its final findings on an anti-dumping case that was launched last year on PP imports from Saudi Arabia, Singapore and Oman.
Provisional duties 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.
A second market source said a notification on extension of provisional duties by two months was likely to be released soon.