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The Finance Ministry has imposed provisional anti-dumping duty on purified terephthalic acid (PTA) imports from China, Thailand, European Union and South Korea.
Based on the recommendations of the Designated Authority in the commerce ministry, the revenue department has imposed anti-dumping duty ranging from $ 19.05 to $ 117.09 per metric tonne depending on the producer and country of export.
The provisional anti-dumping duty was recommended on June 19 and imposed by the revenue department on July 25. This duty will be valid for a period of six months.
The petition seeking anti-dumping duty on PTA imports from these countries was filed jointly by MCC PTA India Corp Pvt Ltd and Reliance Industries Ltd.
PTA is primary raw material for manufacturing of polyester chips which in turn is used in number of applications in textiles, packaging, furnishing, consumer goods, resins and coatings.
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