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The Ministry of Finance has imposed definitive anti-dumping duties on imports of Poly Vinyl Chloride Paste Resin from China PR, Korea RP, Malaysia, Norway, Taiwan, and Thailand for five years, effective from June 13, 2024. The duty varies by country and producer, ranging from nil to USD 707 per MT. The designated authority concluded that the subject goods were being dumped into India, causing material injury to domestic industry. Kaneka Paste Polymer SDH BHD, Malaysia is exempted from the duty due to an accepted price undertaking. Certain products including PVC with K-value below 60K, PVC Blending Resin, and specific co-polymers are excluded from the scope of anti-dumping measures.
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