India to hold caustic soda safeguard duty hearing in December

06 November 2009 08:27  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Ministry of Finance will hold a public hearing on 8 December to investigate the possible imposition of a safeguard duty on caustic soda imports into the country, traders and producers said on Friday.

The public hearing would allow importers, exporters and producers likely to be affected by the safeguard duty to present their views to the investigating authorities.

The ministry would release its final findings after the hearing and a decision would be made thereafter, market players said. No firm dates had been set for the decision, they added.

The ministry had earlier recommended a 20% duty on liquid caustic soda imports into the country for a period of 200 days.

The safeguard duty, if imposed, would affect major exporters including Europe, China, South Korea, Thailand, Indonesia and the US.

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

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By: Ng Hun Wei
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