Anti-Dumping Duty on Purified Terephthalic Acid Abolished

In the Budget 2020, the government announced abolition of anti-dumping duty on the import of Purified Terephthalic Acid (PTA) from seven countries, in order to make domestic market more competitive.

Need for Abolition of Anti-Dumping Duty

  • PTA attracts anti-dumping duty ranging between $27 and $160 per tonne, depending upon the country of origin and the country often faces shortage of PTA that curtails the capacity utilization of the polyester segment industry.
  • Reasons for Imposing Anti-Dumping Duty
  • The anti-dumping duty on PTA was imposed after two domestic manufacturers, MCC PTA India Corp Pvt. Ltd and Reliance Industries Ltd, approached the DGTR in October ....
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