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DUMPING DUTY ON POLYPROPYLENE IMPORTS FROM THREE COUNTRIES (Oman, Saudi Arabia and Singapore).

India Business Insight

| August 03, 2009 | COPYRIGHT 2001 Silverline Information Systems Pvt. Ltd. (Hide copyright information)Copyright

The Ministry of Finance, Government of India, has imposed provisional anti-dumping duty on polypropylene imports from Oman, Saudi Arabia and Singapore. Reliance Industries Ltd had filed a petition seeking anti-dumping duty on polypropylene imports from Oman, Saudi Arabia and Singapore. The other domestic producer - Haldia Petrochemical Corporation had supported the petition.

The revenue department has exempted exports by Oman Polypropylene LLC from the anti-dumping duty. All other exporters/producers of polypropylene from Oman will now be required to pay an anti- dumping duty of $977.67 per tonne. There will be no anti-dumping duty on polypropylene produced by Saudi …

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