India extends ADDs on TDI imports from China, Japan, South Korea

07/10/2022 04:56 - 100 Views

MUMBAI (ICIS)–India has extended its antidumping duty (ADD) on imports of toluene di-isocyanate (TDI) from China, Japan and South Korea for another five years, starting 21 September.

The ADD rates range from $0.15/kilogram (kg) to $0.44/kg, unchanged from previous levels.

India TDI antidumping duty rates

Company	Country	ADD rate ($/kg)
Covestro Polymers Ltd	China	0.26
Wanhua Chemical Group	China	0.26
Other producers	China	0.26
Hanwha Solutions Corp	South Korea	0.22
BASF Company Ltd	South Korea	0.31
Any other producer	South Korea	0.44
Any producer	Japan	0.15

It was determined that the “domestic industry had suffered injury due to the dumped imports of the product from the subject countries and the imports are likely to enter the Indian market at dumped prices in the event of cessation of duty”, according to the Department of Revenue of India’s Ministry of Finance.

Following a sunset review of existing ADDs, the Directorate General of Trade Remedies (DGTR) had recommended on 24 June the continuation of the measure on TDI imports form the three northeast Asian countries.

India had earlier imposed a five-year ADD on TDI imports from the three countries on 23 January 2018. In June 2022, the ADD was extended up to 27 September.

Source: ICIS News