21 April 2009 13:00 [Source: ICIS news]
NEW DELHI (ICIS news)--India has imposed a provisional safeguard duty (PSD) of 20% on soda ash imports from China with immediate effect, the country’s government said in a statement on Tuesday.
The levy would remain effective until 5 November unless revoked or amended earlier, the statement said.
The tariff is lower than the 31% reccomended by The Directorate General of Safeguards (DGS) in its preliminary findings dated 30 January, an analyst said.
A DGS official told ICIS news that the final findings had not yet been prepared.
According to the preliminary findings, soda ash imports from China hit 49,018 tonnes in the third quarter (October-December 2008) of the current financial year, as compared to 16,562 tonnes in the second quarter and 10,249 tonnes in the first quarter.
DGS had initiated a safeguards investigation on 16 January following a petition from the Alkali Manufacturers' Association of India (AMAI) on behalf of five domestic producers.For more on soda ash visit ICIS chemical intelligence
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