📦Preliminary Results of Countervailing Duty Review for PTFE Resin
Granular Polytetrafluoroethylene Resin From India: Preliminary Results of the Countervailing Duty Administrative Review; 2023
Summary
The U.S. Department of Commerce (Commerce) preliminarily determines that countervailable subsidies were provided to Gujarat Fluorochemicals Limited (GFCL), a producer and exporter of granular polytetrafluoroethylene (PTFE) resin from India. The period of review (POR) is January 1, 2023, through December 31, 2023. Interested parties are invited to comment on these preliminary results.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$ - Med
The notice outlines the preliminary results of a countervailing duty review which affects the subsidy rates for businesses involved with PTFE resin from India. The determination of a 5.16% subsidy rate could impact pricing and market competitiveness for U.S. companies utilizing these imports. Interested parties have a chance to comment, thereby influencing future regulations.