India revokes anti-dumping duty on PVC flex films import from China

26/01/2022 10:21 - 83 Views

The central government on January 24 announced that it revoked the anti-dumping duty that had been imposed on “PVC flex films” originating from the People’s Republic of China.

The Union Finance Ministry had in July last year extended the validity of the extant anti-dumping duty on ‘PVC Flex Film’ imports from China till January 31, 2022.

The Directorate General of Trade Remedies (DGTR), the commerce ministry’s investigating arm, had earlier recommended the withdrawal of anti-dumping duty on PVC flex films imported from China.

It had said: “Even though there is continued dumping of the subject goods from China, the likelihood of continuation/recurrence of injury to the domestic industry in the event of revocation of the duty could not be conclusively established due to lack of sufficient independent corroborative evidence.”

Source: MoneyControl