The government has extended the anti-dumping duty on CPVC Resin Imports from China and Korea for 5 more years. The Central Board of Indirect Taxes and Customs ( CBIC ), vide notification No. 15/2024-Customs (ADD) dated 23rd August 2024 has notified the extension.
In the review of the anti-dumping duty on imports of the specified goods originating from or exported by the subject country, the designated authority, through its final findings issued by the authority dated May 25, 2024, and published in the Gazette of India, has reached the following conclusions:
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(i) The subject goods continue to be exported to India at prices below their normal value, resulting in dumping.
(ii) The dumped imports from the subject country are causing injury to the domestic industry.
(iii) There is a strong likelihood of continued dumping and injury if the existing anti-dumping measures are allowed to expire or are not modified.
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Based on these findings, the authority has recommended the continued imposition of anti-dumping duties on imports of the subject goods originating from or exported by the subject country to mitigate harm to the domestic industry.
The following is the ADD table:
The anti-dumping duty imposed under this notification will be effective for a period of five years, unless revoked, superseded, or amended earlier. This duty will be enforced from the date of publication in the Official Gazette and will be payable in Indian currency.
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