Page 52 - ELT_15th August 2020_Vol 373_Part 4
P. 52

A128                        EXCISE LAW TIMES                    [ Vol. 373

                                     and causal link in terms of the provisions laid down under the Anti-Dumping
                                     Rules, the authority is of the view that imposition of provisional duty is required
                                     to offset dumping and injury, pending completion of the investigation,” the Di-
                                     rectorate General of Trade Remedies (DGTR) said in its preliminary findings.
                                            The probe began on October 1, 2019.
                                            DGTR can only recommend the duty. The Finance Ministry takes a final
                                     call on imposing it.
                                            The provisional duty can be imposed only after the expiry of 60 days
                                     from the date of initiation of investigation and remains in force only for six
                                     months.
                                            China’s share of PET resin imported into the country rose from 5% in
                                     April-September 2018 to 10% in April-June 2019, DGTR said, adding India is the
                                     single largest market for Chinese exporters.
                                            “The exports from China to India are increasing at a much faster pace
                                     than those to third countries. The increasing importance of India as  a market
                                     itself highlights threat of material injury,” it said.
                                            The Department, however, said recycled PET Resin used to manufacture
                                     preforms —  which are then converted into PET bottles and jars for storage  of
                                     mineral water, carbonated soft drinks, edible oils, and pharmaceutical products -
                                     is out of the purview of the Anti-dumping duty.
                                            Imports from other countries are not significant in terms of volume to
                                     cause or threaten to cause injury to the domestic industry, it said. The depart-
                                     ment said there is  significant surplus  capacity in China, which is expected to
                                     increase further.
                                              [Source : The Economic Times, New Delhi, dated 8-8-2020]

                                                                     _______





























                                                         EXCISE LAW TIMES      15th August 2020      52
   47   48   49   50   51   52   53   54   55   56   57