Search the Internet          Tips  Sites: Finance, Investment

Anti-dumping duties against US, Japan

The designate anti-dumping authority has recommended final duties against imports of styrene butadiene rubber from Japan, Korea, the US, Turkey and Taiwan.

The Director General of Anti-dumping and Allied Duties under the commerce ministry had initiated anti-dumping investigations during the period August 1999-May 2000 on the basis of a petition filed by the Automotive Tyres Manufacturers Association and Rishiroop Polymers Pvt Ltd.

The DGAD has recommended anti-dumping duty of $189.89 per MT on all exporters of SBR from USA, $90 per MT on Taiwan, $272.99 per MT on Turkey, $204 per MT on Korea and $156.93 per MT on Japan.

Final duties have been recommended on imports of all grades of SBR 1900 series exported from the five countries.

The DGAD in its final fined that "there has been no domestic production for the SBR 1500 and 1700 series and consequently there has been no domestic industry for these series during the period of review".

Also the sole producer of these two series, i.e SCL is still not in production. However, for the other series namely SBR 1900, there are two producers, who constitute the domestic industry, it said.

"Imposition of anti-dumping measures would remove the unfair advantages gained by dumping practices and would prevent decline of the domestic industry and also help maintain availability of wider choice to consumers of SBR 1900 series," it said, adding that continuance of anti-dumping measures on SBR 1900 series would not restrict imports from the subject countries.

Tell us what you think of this report