EU recommends reimposition of import duties on PET film from India

17-Dec-07
As the 27-nation European bloc seeks early conclusion of a free-trade pact with India, the European Union has recommended reimposition of anti-dumping duties on polyethylene terephthalate (PET) film imported from India. The decision will mean that 17.3% duties will be reimposed on Indian PET film, with some specified companies being charged variable rates (up to 18%) or being exempted altogether. The EU ministers are expected to formally approve the plan for renewal of duties imposed in 2001 ahead of the conclusion of the Indo-EU trade and investment talks. Flex Industries, Jindal Poly Films and the Polyplex Corporation are exempted from paying duties while the companies on which duties will be reimposed are : Ester Industries of New Delhi (17.3%) Garware Polyester of Mumbai (6.8%) MTZ Polyfilms (18%) SRF of New Delhi (3.5%).
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