“The import of Suspension grade PVC Resin…having CIF Value of less than or equal to $0.766 per Kilogram is “Restricted” for a period of six months,” the Directorate General of Foreign Trade said in a notification.
However, this restriction will not be applicable for import by 100% Export Oriented Units, units in the SEZ and imports under the Advance Authorisation Scheme, subject to the condition that the imported inputs are not sold into the Domestic Tariff Area.
The latest move comes against the backdrop of an earlier anti-dumping investigation by the Directorate General of Trade Remedies (DGTR).
The investigation was initiated following a complaint by domestic manufacturers Chemplast Cuddalore Private Limited, DCM Shriram Limited and DCW Limited alleging dumping of suspension-grade PVC resin from seven countries.