India imposes ADD on Korea, China caustic soda imports

29 December 2008 16:30  [Source: ICIS news]

NEW DELHI (ICIS news)--India has imposed new definitive anti-dumping duty (ADD) on caustic soda imports from South Korea and China, a government official said on Monday.

The ADD would be calculated as the difference between the reference price (RP) of $401.05/tonne and the price at which the commodity is actually imported. The exact levy of ADD would thus depend on the price of any consignment at an Indian port.

The Revenue Department has imposed the five-year levy at the recommendation of the anti-dumping authority (ADA), which had last month submitted its findings on a sunset review of an earlier definitive ADD from September 2003. The earlier ADD tariff was based on RP of $295.27/tonne. 

The new levies are not applicable to caustic soda produced or exported by South Korea’s Hanwha Chemical Corporation or material exported by Tricon Energy Limited of the US.

All other caustic soda originating from South Korea and China and exported from these countries or through other countries will attract ADD. 

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By: Naresh Minocha
+65 6780 4359



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