The Finance Ministry has extended the anti-dumping duty on Phthalic Anhydride imports from China and Korea for another five years, indicating ongoing protectionism in the domestic market.
Extension of Anti-Dumping Duty on Phthalic Anhydride
The Government of India’s Finance Ministry has issued Notification No. 20/2026-Customs (ADD), continuing the anti-dumping duty on imports of Phthalic Anhydride from China and Korea for another five-year period. This measure aims to protect domestic manufacturers from the adverse effects of low-priced imports.
The extension reflects the government’s commitment to sustaining the local industry by ensuring that foreign commodities do not undercut homegrown producers, thereby potentially leading to manufacturing losses and job reductions. Such regulatory actions are part of broader strategies to combat unfair trade practices.
For legal and trade professionals, this continuation of duties suggests that importers from the specified countries need to reassess their pricing strategies and compliance measures, especially regarding the legal ramifications associated with anti-dumping duties.
Citations
- Finance Ministry Notification No. 20/2026-Customs (ADD)
