New Delhi -- India has imposed anti-dumping tariffs on flexible slabstock polyols between 3000 and 4000 molecular weight produced in the European Union, Australia and Singapore to protect its local industry.
According to a circular issued by the Ministry of Finance, the anti-dumping duty will be effective for a period of five years from 7 April 2015. The largest tariffs of $154.94/tonne apply to polyols either produced or exported from the European Union to India; tariffs of $135.96/tonne apply to polyols produced or exported through Australia; tariffs of $67.79/tonne apply to polyols produced in or exported through in Singapore.
The circular says that the tariffs have been imposed because the goods have been exported to India from countries below their associated normal value, it also claims that the domestic Indian polyol industry has suffered material injury because of these imports.
Details can be found in document F.No.354/92/2014-TRU published by the Ministry of Finance (Department of Revenue).