Anti-Dumping investigation on Purified Terephthalic Acid initiated
Yet another investigation is initiated for the anti-dumping concerning imports of Purified Terephthalic Acid (PTA) that are originating in or are exported from China PR, Iran, Indonesia, Malaysia & Taiwan. MCC PTA India Corp. Pvt. Ltd., and Reliance Industries Limited have jointly filed an application before the designated authority of Directorate General of Anti-Dumping & Allied Duties for initiating the anti-dumping investigation. The usual process of the filing has seen its success as the authorities have found a prima-facie evidence of the dumping of the ‘subject goods’ originating from ‘subject countries’ to the domestic industry. The decision has been taken to initiate the investigation into alleged dumping and the consequent injury to the domestic industry, so that they could determine the existence, degree and the effect of any alleged dumping and to recommend the amount of dumping duty which would be levied to remove the injury to the domestic industry. The claims of the applicants is that there is no difference between the subject goods exported from the subject countries and that which are produced by the applicants themselves. So the authorities are basically treating the goods of the applicants as ‘Like Article’ so that it would help them take the investigation forward. The applicants have also said that China should be treated between as a non-market economy and determined by the normal value for China PR on the production basis cost in India. The period of investigation for the purpose of the present investigation is from April 1, 2014 to March 31, 2015. And the time limit for the investigation and any request for the hearing which should be sent in writing is not later than forty days.
June 20, 2015 | 05:44 pm IST.