CBIC Extends Anti-Dumping Duty on CPVC Resin Imports from China and Korea for 5 more Years

The CBIC has extended the anti-dumping duty on CPVC resin imports from China and Korea for an additional five years. This decision follows a review to address concerns of dumping, where these countries were found to be exporting CPVC resin at prices lower than the domestic market rates. The extended duty aims to protect Indian manufacturers from unfair competition and market disruption. The continuation of this duty is intended to stabilize the domestic market and safeguard the interests of local producers. This measure reflects ongoing efforts to ensure fair trade practices and support the integrity of the Indian manufacturing sector.