The Directorate General of Trade Remedies (DGTR), below the Ministry of Commerce and Industry
Has officially close the anti–dumping investigation concerning imports of mono-ethylene glycol (MEG) originating from Kuwait, Saudi Arabia, and the USA.
MEG is a main raw material for polyethylene terephthalate (PET) resins.
The research, which became admitted on June 28, 2021, was based on an application by India Glycols Ltd. (IGL) and Reliance Industries Ltd. (RIL), alleging that dumping of MEG by the exporters from those countries was effecting material damage to the Indian domestic industry. On October 27, 2022, the DGTR finished that the domestic industry was no longer suffering material damage and endorsed no imposition of anti-dumping duties.
This conclusion, later challenged by RIL earlier than the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), which directed the DGTR to reconsider the situation in October 2023. On September 25, 2024, RIL, withdrew its application, mentioning that the data used for the investigation became out dated and now not reflective of present day market realities. Under Rule 14 (a) of the Anti-Dumping Rules, the DGTR is remitted to terminate an research upon such a request by the domestic industry.
The DGTR has now issued a public notice terminating the research.
