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India Slaps Duties On Mexican, Norwegian PVC Resin

by Mary Swire, Tax-News.com, Hong Kong

13 April 2015


India's Ministry of Finance announced on April 7, 2015, that it has decided to impose anti-dumping duties on imports of polyvinyl chloride (PVC) paste resin, the third-most widely produced synthetic plastic polymer, from Mexico and Norway.

According to the Ministry, PVC paste resin, also known as emulsion PVC resin, is being exported to India from Mexico and Norway at "below normal value" – that is, market value – thereby causing injury to Indian producers.

The anti-dumping duties range from USD309 to USD429 per metric ton for imports from Mexico, while imports from Norway are subject to a USD319 duty per metric ton.

The duties will be effective for five years from January 21, 2015.

TAGS: Finance | tax | India | tariffs | anti-dumping | Mexico | Norway | trade disputes | import duty | trade

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