SC stays Gujarat HC order reinstating anti-dumping duty on imported PTA

Quick Summary:

The government, however, said the 2019 notification would have expired on July 23 this year and could not be revived retroactively.

In the larger public interest, the Union Budget proposed to abolish anti-dumping duty on PTA.

Ltd, and other domestic producers of the material stood to see their profit margins shrink due to the removal of the anti-dumping duty, according to news reports.

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Article Details

Category: BusinessFinance

Markets: IndiaThailand

Topics: Anti-dumping duty Supreme Court Import Gujarat High Court PTA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 21:20:38 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21826748

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