DGFT Restricts PVC Resin Suspension Grade Imports Below USD 0.766/kg for Six Months

The Directorate General of Foreign Trade (DGFT) in India has imposed a six-month restriction on the import of suspension-grade Polyvinyl Chloride (PVC) resin priced below USD 0.766 per kilogram. This regulatory measure, effective immediately, aims to curb the influx of low-priced imports that have been affecting domestic manufacturers.

Under the new policy, imports of suspension-grade PVC resin under ITC (HS) code 39041020 have been moved from the 'Free' to 'Restricted' category. Imports with a CIF (Cost, Insurance, and Freight) value above USD 0.766 per kilogram will remain unrestricted for the duration of this period. However, those priced at or below this threshold will require an import license.

Exemptions to this restriction apply to 100% Export Oriented Units, units in Special Economic Zones, and imports under the Advance Authorisation Scheme, provided the imported resin is not sold in the Domestic Tariff Area.

This decision follows an anti-dumping investigation by the Directorate General of Trade Remedies, which found that low-priced imports were causing material injury to the domestic industry. The DGFT's notification does not directly link the import restriction to the investigation but is seen as a protective measure for local manufacturers.