Commerce Ministry seeks anti-dumping duties on PVC paste resin imports from China, 5 others
anti-dumping duty of up to USD 707 per tonne on imports of PVC paste resin, used to make artificial leather and other technical textiles' products, from six countries, including China, for five years, with an aim to guard domestic producers.
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In its findings, the Directorate General of Trade Remedies (DGTR), a wing of the ministry, has concluded that 'Poly Vinyl Chloride Paste Resin' has been exported to India at a price below the normal value from certain players of the six nations — China, Korea, Malaysia, Norway, Taiwan, and Thailand.
The move has resulted in dumping of the product into Indian markets.
The notification of the directorate said imports from these countries have caused material injury to the domestic industry.
«The authority recommends imposition of anti-dumping duty on the imports… so as to remove the injurious effects of the dumped imports on the domestic industry,» it has said.
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