India extends ADD on PS imports
from four Asian countries
The Indian government has extended the validity of antidumping
duty (ADD) on polystyrene (PS) imports from Japan, South Korea,
Taiwan and Malaysia by one
year to 29 June 2004. The ADD is levied on general purpose PS
(GPPS) and high impact PS (HIPS).
ADD was imposed on 30 June 1998 and was to have lapsed on 29 June
2003. The decision to extend the validity by one year has been
taken at the recommendation of antidumping authority (ADA).
The decision will benefit Supreme Petrochem Ltd, BASF Styrenics
and LG Polymers India. A fourth PS company, Greaves Ltd,
suspended production a few years back while a fifth manufacturer,
BASF India Ltd, will not benefit as it only produces expansible
PS, which is out of purview of ADD.
India currently levies ADD at different rates on PS imports from
companies from the four countries affected. The lowest rates are
Rs1963/tonne ($41.2/Euro35.1/tonne) on GPPS and Rs4463/tonne on
HIPS on Taiwan’s Eternal
Chemical while the highest rates are Rs13 493/tonne on GPPS and
HIPS imports from all other companies from Taiwan.