Regulatory10 Sept 2026, 03:26 pm
Pokarna Subsidiary PESL Gets Preliminary 0% Anti-Dumping Duty from US
AI Summary
Pokarna Limited's wholly owned subsidiary, Pokarna Engineered Stone Limited (PESL), has been informed by the U.S. Department of Commerce about the preliminary results of an administrative review concerning antidumping duties on quartz surface products from India. PESL was selected as a mandatory respondent for the review period of June 1, 2024, to May 31, 2025. The preliminary determination indicates that PESL did not engage in sales below normal value, resulting in a preliminary anti-dumping duty rate of 0% for this period. These preliminary findings are not final and are expected to be issued by March 2027. The company will continue to monitor the proceedings and provide further updates.
Key Highlights
- US Dept of Commerce issued preliminary results for antidumping duty review.
- Pokarna subsidiary PESL selected as mandatory respondent.
- Preliminary determination shows PESL sales not at less than normal value.
- Preliminary anti-dumping duty rate for PESL set at 0%.
- Final duty rates expected by March 2027.
Price Impact
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