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India extends anti-dumping duty on fluoroelastomers imports from China for 5 years

November 30/2020

MOSCOW (MRC) -- India has imposed anti-dumping responsibility on imports of fluoroelastomers from China by 5 years beginning November 27, the Central Board of Oblique Taxes and Customs (CBIC) stated in a notification issued Friday, reported Kemicalinfo.

The Board stated that the choice has been taken after the Directorate Basic of Commerce Cures (DGTR) requested for additional extension of the anti-dumping responsibility on the products originating in or exported from China, as there was a chance of continuation of dumping and harm to home trade in case the anti-dumping responsibility is stopped presently.

Theres enough proof to point that the cessation of anti-dumping responsibility at this stage will result in continuation of dumping and harm to the home trade, the CBIC stated in its notification. The responsibility ranges between USD1.04 and USD8.6 per kg.
The anti-dumping responsibility imposed beneath this notification shall be efficient for a interval of 5 years (except revoked, outdated or amended earlier) and shall be paid in Indian foreign money, it added.

The DGTR had initiated an evaluation in January on whether or not the products being imported had been hurting home trade, and concluded it final month.

India had first imposed the responsibility in January 2019, which was prolonged in July these 12 months until October 27, after which additional to November 27.
Fluoroelastomers are synthetic rubbers with principal applications such as temperature-resistant O-rings, seals, and gaskets used in aerospace and industrial equipment.

As MRC informed previously, earlier this month, India terminated the anti-dumping investigation on monoethylene glycol (MEG) imports from Kuwait, Oman, the UAE and Singapore. The applicant, Reliance Industries Limited, withdrew the application on anti-dumping investigation via a letter on 18 November stating that in view of the current situation, they have withdrawn the aforesaid application with a liberty to resubmit the same, according to a notification from the Ministry of Commerce and Industry. The anti-dumping investigation was launched on 9 December 2019.

MEG is mainly used in the production of polyester fibres, resins and films (around 80% of global consumption), followed by use in polyethylene terephthalate (PET) resin. It is also used as automotive antifreeze.

As per MRC' ScanPlast, calculated consumption of polyethylene terephthalate (PET) reached 52,71o tonnes in September 2020, down 27% compared to the same time a year before. Total consumption of PET in Russia in the nine months of 2020 reached 530,750 tonnes, down 22% than the same indicator last year.
Author:Margaret Volkova
Tags:monoethylene glycol (MEG), PET-granulate, petrochemistry, packaging, Reliance Industries, India, China, Kuwait, United Arab Emirates (UAE), Oman, Russia, Singapore.
Category:General News
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