Thermoplastic Polyurethane Imports Undercutting Domestic Prices, CBIC enforces 5-Year Anti-Dumping Duty

CBIC has imposed a five-year anti-dumping duty on thermoplastic polyurethane (TPU) imports to address price undercutting that was harming domestic manufacturers. TPU, used in various industries like automotive and footwear, was being imported at unfairly low prices, impacting the competitiveness of local producers. The investigation found significant price depression caused by these imports, prompting the duty to safeguard the domestic industry. The anti-dumping measure aligns with India’s ongoing efforts to protect its industries from unfair international trade practices