The Central Board of Indirect Taxes and Customs (CBIC) has decided to extend the anti-dumping duty on imports of Phthalic Anhydride originating from China PR and Korea RP. This extension will last for an additional five years, following a sunset review conducted by the Directorate General of Trade Remedies (DGTR).
This extension affects importers dealing with Phthalic Anhydride, a key chemical used in the production of plasticizers, resins, and dyes. Importers need to be aware of the continued duty implications on their cost structures and supply chain planning. The duty aims to protect domestic industries from unfair pricing practices.
1) Open the official notice
2) Check whether your CTH, documents or policy line is touched
3) Ask Neo's CHA before changing Bill of Entry or Shipping Bill practice