India’s revenue department to notify ADD on aniline next month

16 August 2012 08:08  [Source: ICIS news]

KOLKATA (ICIS)--India’s revenue department under Ministry of Finance will notify next month a $110.72/tonne (€90/tonne) anti-dumping (ADD) duty on aniline imports from the European Union (EU), an official in Ministry of Commerce said on Thursday.

“The Dyestuff Manufacturers’ Association of India had directly petitioned the revenue department last month, seeking intervention and rejection of recommendation of the Director General of Anti-dumping and Allied Duties (DGAD), under Ministry of Commerce,” the official said.

“However after review of the petition, the revenue department has accepted the DGAD’s recommendation in favour of ADD on aniline imports from EU,” he added.

Based on a complaint of dumping filed by Gujarat Narmada Valley Fertilizer Company Limited (GNFC), DGAD completed investigations and filed its final recommendation of the $110.72/tonne levy on April 13, 2012 establishing injury margin range of 5-15%.

According to the DGAD report filed with the revenue department seeking levy of ADD, “performance of the domestic industry had deteriorated in terms of production, capacity utilization, domestic sale, inventories and cash profits.”

“It has been noted that increase in market share of imported aniline from EU prevented the domestic industry from increasing its market share and sales despite rising domestic demand,” the DGAD report added.

According to data sourced from Ministry of Commerce, the total installed aniline capacity in India was estimated at 60,100 tonne/year with GNFC and Hindustan Organic Chemicals Limited (HOCL) being the largest producers.

By: Ajoy K Das
+65 6780 4359

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