India recommends 20% safeguard duty on caustic soda imports

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, China, Korea, Thailand, Indonesia and the US.

India imported 43,164 dry metric tonnes (dmt) of caustic soda in July this year, compared to just 2,082 dmt in the same period last year.

For more on caustic soda visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Ng Hun Wei
+65 6780 4359

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