21 October 2009 05:30 [Source: ICIS news]
SINGAPORE (ICIS news)--India’s Ministry of Finance has recommended the imposition of a 20% safeguard duty on liquid caustic soda imports into the country for a period of 200 days, market players said on Wednesday.
The ministry made the recommendation after a month-long investigation, which was launched in response to a petition filed by the local chlor-alkali association in July.
Further investigations and hearing would have to take place before a final decision is made, market players said. No dates for the hearings had been set yet, they added.
The safeguard duty, if imposed, would affect major exporting countries including Europe, ?xml:namespace>
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