KOLKATA (ICIS)--India has extended antidumping duty (ADD) on caustic soda imports from China and South Korea by one year until December 2014, an official in Central Board of Excise and Customs (CBEC) said on Wednesday.
The Directorate General of Anti Dumping and Allied Duties (DGAD), commenced a sunset review of the duty — imposed in 2008 for a period of five years — on 19 December 2013, the official said.
However, while pending completion of the review, DGAD had recommended an extension of ADD on Chinese and South Korean caustic soda imports for one year, he added.
The previous ADD of $401/tonne on imported caustic soda from China and South Korea would continue until December 2014 which could be changed or scrapped depending on recommendations based on the current review undertaken by DGAD, the official said.
DGAD, on commencement of the review, had recommended the continuation of the ADD for one year since prima facie data available indicated continued threat of imports to domestic manufacturers, he said, but added that it could change in the course of the sunset review.
The review would be undertaken based on import data during the period from October 2012 to September 2013. Exporters of caustic soda, local importers and domestic manufacturers have been given 40 days starting 16 January 2014 for submitting their respective cases before DGAD.
The current sunset review is the second one undertaken for caustic soda imports from China and South Korea, since the duty was first levied in 2002 for five years and subsequently the definitive rate was increased from $295/tonne to $401/tonne in 2008.