The Indian government raised customs duties on all polymer imports from 5% to 7.5% effective as of May 8, 2013, as per ChemOrbis. Buyers are expressing concerns about how the increase in duties will affect their margins, while traders and producers are generally anticipating better sales for local cargoes relative to imports for the short term.
For more details on Indian players react to increased customs duties click here
For more details on Indian players react to increased customs duties click here
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