Govt may impose anti-dumping duty on polystyrene to guard domestic players

The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters

India may impose anti-dumping duty on imports of polystyrene, used in refrigerators and air conditioners, from Iran, Malaysia, Singapore, Chinese Taipei, UAE and the US with a view to guard domestic players from cheap imports from these countries.

Ineos Styrolution India Ltd and Supreme Petrochem Ltd had filed the application for imposition of the anti-dumping duty on imports of polystyrene from these nations.

After conducting a probe, the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has recommended imposition of the anti-dumping duty on the product from these six countries.