January 3, 2025 – India Imposes Anti-Dumping Duties on PVC Paste Resins from Multiple Countries
In a significant move, India’s Ministry of Commerce and Industry has announced a definitive anti-dumping final determination on Polyvinyl Chloride (PVC) paste resins originating from Mainland China, South Korea, Malaysia, Norway, Thailand, and Taiwan region of China. Effective from June 13, 2024, India will impose anti-dumping duties for a period of five years on the products concerned from these countries and regions, with varying duty rates.
Specifically, PVC paste resins from Mainland China will attract duties ranging from USD 248 to USD 707 per tonne, while South Korea faces rates from USD 0 to USD 89 per tonne. Malaysia has been slapped with a uniform rate of USD 516 per tonne, and Taiwan region’s rates span from USD 247 to USD 373 per tonne. Thailand’s rates range between USD 343 and USD 421 per tonne, and Norway will be subject to a duty of USD 495 per tonne. This decision follows a positive preliminary determination in the anti-dumping investigation initiated earlier and after further deliberations.
According to Color Masterbatch Industry Network, the anti-dumping investigation commenced on September 30, 2023, upon the application of Chemplast Sanmar Limited, an Indian domestic enterprise. The probe targeted PVC paste resins originating in or imported from the aforementioned countries and regions. On April 26, 2024, the Ministry of Commerce and Industry made a positive preliminary ruling, which was followed by a notification from the Revenue Department of India’s Ministry of Finance on June 13, deciding to impose provisional anti-dumping duties on the products. Notably, the final duty rates differ from the earlier provisional ones.
Furthermore, the announcement specifies the Indian Customs tariff codes for the products under investigation and clarifies that certain products, such as PVC paste resins with a K-value less than 60K and PVC blending resins, are excluded from the taxation scope. This decision is poised to significantly impact the sales and competitive landscape of relevant companies and industries in the Indian market.