The Authority concluded that since the SBR exported to India from South Korea is subsidized, the domestic industry has suffered material injury.
The investigation was initiated based on an application filed by Reliance Industries Limited (RIL) which withdrew the application last week
ICN's e-conference on 06th November 2020 will see participation from leading R&D focused institutions and industry majors as speakers and delegates
DGTR has recommended to increase the rate of customs duty on Polybutadiene Rubber, excluding its titanium and lithium grades, originating in Korea for two years in order to safeguard the domestic industry from significant jump in import of the product.
According to the arrangement, RIL's oil-to-chemicals business including refining, petrochemicals, fuel retail (51 per cent in a JV with BP, and bulk wholesale marketing businesses, along with its assets and liabilities, will be transferred to the new subsidiary.
A chemical engineer from IIT-Roorkee with a diploma in management, Singh was the chairman of IOC for three years. Prior to that he was Director Refineries at the company and oversaw the construction of India's newest oil refinery at Paradip in Odisha.
Company is planning to shut down one of the crude distillation units at its refinery at Jamnagar for planned routine maintenance and inspection activities, for about 3 to 4 weeks starting in the 4th week of July, 2020.
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