EU Censorship Of Punitive Tariffs On Imports Of PET From India
European Commission
An application was made to conduct a partial review of the Final Countervailing and anti-dumping duties on specific polyethylene terephthalate (PET) imported from India.
This item
Countervailing
And anti-dumping duties are used to protect Europe.
PET
The producer is a measure of subsidized PET imported from non EC member states.
This request was put forward by the lobby of the India Reliance Industries Ltd, which is a PET export production unit in India.
The Reliance Industries Ltd has provided preliminary evidence that the subsidy environment has changed.
Reliance Industries Ltd's application has provided sufficient evidence that the number of subsidies has dropped to below the current tariff rate.
The reduction in the level of subsidy is mainly due to a marked decline in the rate of duty on duty (DEPB).
In view of the above mentioned, the European Commission believes that in terms of subsidies for Reliance Industries, there is significant initial evidence that the environment related to subsidies has changed significantly and has been continuously improved. Therefore, countervailing measures and anti-dumping measures should be reviewed.
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