India Terminates Dumping Duty
PUdaily, Shanghai-On August 30, the anti-dumping duty that India imposed against flexible slabstocks polyols (FSP) from mainland China, South Korea and Taiwan terminated officially with an announcement of rescinding the anti-dumping measures by Government of India Ministry of Finance later August.
In May, 2003, the Indian Ministry of Commerce initiated anti-dumping investigations against FSP originating from mainland China, South Korea and Taiwan, following a complaint from local manufactures and issued the final determination in December, 2004.
In September, 2009, India Designated Authority accounted that FSP from mainland China, South Korea and Taiwan were levied punitive anti-dumping tax for five years, which started from August 31, 2009 for five years and was further extended to August 30, 2015 after a second sunset review initiated by the Designated Authority on end-August, 2014; the tax for polyols from China was USD 2,601/ton.
FSP is an important raw material to make PU foam that can be used for production of furniture, auto seats and packaging, etc.
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