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. 

To discuss issues facing the chemical industry go to ICIS connect

By: Naresh Minocha
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index