Energy
0

India Imposes Duty on Iran LAB

India Imposes Duty on  Iran LAB India Imposes Duty on  Iran LAB

India's Finance Ministry has imposed anti-dumping duty on linear alkyl benzene (LAB) imports from Iran, Qatar and China. LAB is an important input in the detergent industry. Tamilnadu Petroproducts Ltd and Nirma Ltd had filed a petition seeking the imposition of anti-dumping duty on LAB imports from the three countries, Arab Oil and Gas reported Friday. Apart from the petitioners, two more producers of LAB in India -- Indian Oil Corporation and Reliance Industries Ltd -- supported the petition. The anti-dumping duty ranges from $23.78 per ton to $300.22 per ton, depending on the producer and exporter from these countries. Earlier this year, an official at Tehran Chamber of Commerce, Industries, Mines and Agriculture said India's anti-dumping rules against Iran's petrochemical shipments had made it difficult for Tehran to compete with Saudi Arabia in the world's fastest growing economy.

 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com