Anti Dumping Duty on ‘Purified Terephthalic Acid' (PTA)
GOVERNMENT has imposed a provisional Anti Dumping Duty on ‘Purified Terephthalic Acid' (PTA) including its variants - Medium Quality Terephthalic Acid (MTA) and Qualified Terephthalic Acid (QTA) falling under tariff item 2917 36 00 of the First Schedule to the Customs Tariff Act, originating in, or exported from the People's Republic of China, European Union, Korea RP and Thailand, and imported into India.
The Notification emphatically states that the anti dumping duty imposed under this notification shall be levied for a period not exceeding six months (unless revoked, amended or superseded earlier) from the date of publication of this notification.
The notification does not specify as to what happens if the Board forgets to revalidate it after six months.
Notification No. , Dated: July 25, 2014