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K.R. Srivats

New Delhi, Aug. 2 The Finance Ministry has imposed provisonal anti-dumping duty on polypropylene imports from Oman, Saudi Arabia and Singapore.

This move of the revenue department comes nearly one and a half months after the Designated Authority in the Commerce Ministry recommended imposition of provisional anti-dumping duty on polypropylene imports from these three countries.

Polypropylene is used in woven sacks for cement, sugarcane, fertilisers and also film packaging. Besides various consumer items, it also finds application in auto parts, appliances, furniture and houseware.

The petition seeking anti-dumping duty on polypropylene imports from Oman, Saudi Arabia and Singapore was filed by Reliance Industries Ltd. The other domestic producer – Haldia Petrochemical Corporation had supported the petition.

For Oman, the revenue department has exempted exports by Oman Polypropylene LLC from the anti-dumping duty. All other exporters/producers of polypropylene from Oman will now be required to pay an anti-dumping duty of $977.67/tonne.

In the case of Saudi Arabia, there will be no anti-dumping duty on polypropylene produced by Saudi Polyolefins Company and exported by National Petrochemical Industrialisation Marketing Company/Basell polyolefins company. A provisional anti-dumping duty of $440.48/tonne has been levied on polypropylene imports from Advanced Polypropylene Co, Saudi Arabia. For all other producers/exporters, the duty has been pegged at $820.55/tonne.

For Singapore, the revenue department has imposed a provisional anti-dumping duty of $81.20/tonne on polypropylene produced by Polyolefin Company (Singapore) Pte Ltd and exported by Sumitomo Corporation Asia Pte Ltd.

The provisional anti-dumping duty will be $119.32/tonne for polypropylene produced by Polyolefin Company (Singapore) Pte Ltd and exported by Toyota Tsusho (Singapore) Pte. There will be no anti-dumping duty on polypropylene produced by Polyolefin and exported by Marubeni Chemical Asia Pacific Pte Ltd.

Exxon Mobil Chemical Asia Pacific as a producer and an exporter would have to pay anti-dumping duty of $44.43 a tonne. However, there will be no anti-dumping duty when polypropylene produced by Exxon Mobil is exported by Mitsubishi Chemical Thailand (Co) Ltd.

For all other producers/exporters from Singapore, the provisional anti-dumping duty has been pegged at $1,033.65 a tonne.

More Stories on : Anti-dumping | Petrochemicals

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