Topic
import curbs
India Imposes Six-Month Import Restrictions on Suspension Grade PVC Resin Below $0.766/kg
The Indian Directorate General of Foreign Trade has restricted imports of suspension grade PVC resin with a CIF value of $0.766 per kilogram or less for six months, with exceptions for 100% Export Oriented Units, SEZ units, and imports under the Advance Authorisation Scheme. The move follows an anti-dumping investigation by the Directorate General of Trade Remedies (DGTR) initiated after a complaint by domestic manufacturers Chemplast Cuddalore Private Limited, DCM Shriram Limited, and DCW Limited, alleging dumping from seven countries.
Commodities India Silver Import Curbs Create Shortages, Push Premiums to Six-Month High
India's import restrictions on silver have nearly halted overseas purchases, causing domestic shortages and pushing premiums to a six-month high of $6.5 per ounce. The government aims to ease pressure on foreign exchange reserves by curbing precious metals imports, but the market now faces supply tightness despite initial ETF sell-offs.