12 April 2012 09:19 [Source: ICIS news]
The inquiry by DCPC will be independent of the investigations concluded by the Director General of Anti-dumping and Allied Duties (DGAD) and recommendation for a levy ranging between $2.38/ tonne and $38.79/ tonne.
The final imposition has however been kept in abeyance by the Ministry of Finance.
“The department would be collating fresh data on soda ash since cost and pricing structure of producers and cost of production of end-users as these have changed in recent months,” the official said.
The inquiry report will include average year-wise cost price per tonne of domestic and imported soda ash for three years, average ex-factory price of per tonne of glass products over the last three years and year-wise percentage cost of soda ash to total cost of production of glass products over the last three years.
The department will be holding consultations with the All India Glass Manufacturers Federation (AIGMF), the representative body of soda ash consumers and Alkali Manufacturers Association of India (AMAI), representing the producers.
Information collected from soda ash and glass manufacturers will also be verified with industry filings with the Department of Industrial Policy and Promotion (DIPP) and based on the final report the Ministry of Commerce will take a final decision.
There are 37 units engaged in production of caustic soda in
AIGMF in its representation to the Ministry of Commerce has claimed that few producers of soda ash were pegging their domestic price on landed cost of imports and not on their cost of production resulting in 37% increase in price of soda ash over the past 12 months.
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections