India begins sunset review on PTA anti-dumping duty post HC order
India's DGTR has initiated a sunset review on anti-dumping duties for PTA imports from South Korea and Thailand, following a High Court of Gujarat order. This action came after Reliance Industries challenged the government's 2020 rescission of the duties. PTA shortages and high domestic prices, exacerbated by import restrictions, prompted this review.
India’s Directorate General of Trade Remedies (DGTR) has initiated a sunset review investigation on supplies of Purified Terephthalic Acid (PTA) from South Korea (Republic of Korea) and Thailand. Reliance Industries had sought the investigation for the continuation of the anti-dumping duty. The duty, which was imposed in 2019, is scheduled to end on July 24.
However, these duties were rescinded by the central government in February 2020 in budget proposals. Reliance challenged this rescission in the High Court of Gujarat. The court quashed the notification and ordered the government to initiate a sunset review, affirming that the ADD on the product was leviable.
PTA, a basic raw material for polyester staple fibre, is already in short supply in the country, driving up prices of the raw material and its products like polyester staple fibre and various types of polyester yarn. PTA and its products are also facing restrictions on import due to Quality Control Orders (QCOs), causing PTA prices to soar above international rates.
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