Jindal Took Countervailable Film Subsidies: DOC

Law360, New York (August 11, 2009, 3:06 PM EDT) -- The U.S. Department of Commerce's International Trade Administration has initially found that India-based Jindal Poly Films Ltd. received countervailable subsidies for the production and export of plastic film products.

The ITA made a preliminary determination that India’s largest producer of polyethylene terephthalate film was assisted by multiple government subsidy programs in 2007 and calculated that the company’s total countervailable subsidy rate was 7.18 percent ad valorem, according to a Federal Register notice Friday.

If the final results remain the same as the results from the preliminary...
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