Carysil Clarifies No Direct Impact from U.S. Tariff-Rate Quota on Quartz Surface Products

Carysil Limited has issued a clarification regarding recent reports concerning a Tariff-Rate Quota (TRQ) imposed by the United States on imports of certain Quartz Surface Products (QSP).

The company confirmed that its core quartz kitchen sink export business to the United States remains completely unaffected by this trade measure.

Key Highlights of the Clarification

Scope of U.S. Safeguard Measure: The U.S. Tariff-Rate Quota applies strictly to specified quartz surface products-including engineered quartz slabs and fabricated quartz surfaces-under specific HTSUS classifications.

Product Distinction: Carysil's quartz kitchen sink line belongs to a distinct product category separate from the engineered quartz slabs and countertop surfaces targeted by the TRQ measure.

Business & Revenue Impact: Based on the applicable product classifications and product scope, Carysil's quartz kitchen sink exports to the U.S. do not fall under the restricted HTSUS codes. Consequently, the company expects no direct impact on its export operations or financial performance.

Carysil stated it will continue to monitor developments in U.S. trade regulations and will update on any material developments.

Shares of Carysil Limited was last trading in BSE at Rs. 1158.20 as compared to the previous close of Rs. 1179.55. The total number of shares traded during the day was 4323 in over 331 trades.

The stock hit an intraday high of Rs. 1190.90 and intraday low of 1136.00. The net turnover during the day was Rs. 4975277.00.

Source : Equity Bulls

Keywords

Carysil INE482D01024 USTariff NoDirectImpact