SEOUL: The Finance Ministry has imposed definitive anti-dumping duty on caustic soda imports from China and South Korea.
According to an official statement, this move follows recommendation of the Designated Authority in the Commerce Ministry in its review investigations.
Caustic soda is mainly used in the manufacture of pulp and paper, newsprint, viscose yarn, staple fibre, aluminium, cotton, textiles, toilet and laundry soaps, detergents, dyestuffs, drugs and pharmaceuticals, petroleum refining etc.
A petition seeking sunset review investigations on caustic soda imports from China and South Korea was filed by Alkali Manufacturers’ Association of India (AMAI).
The anti-dumping duty ranges from ‘nil’ to $48.39 per dry tonne depending on the producer and country of export (China or South Korea.)
The designated authority in its final findings concluded that caustic soda continue to be exported by non-cooperative producers and exporters from the China and South Korea to India below their normal value resulting in dumping and injury.
It also found that both dumping margin and injury margin are significant and positive, in respect of non-cooperative producers and exporters from the two countries, implying likelihood of intensified dumping and consequent injury to the domestic industry.
It stressed that the anti-dumping duty on caustic soda originating in or exported from the non-cooperative producers and exporters from China and South Korea to India is required to be continued with some modifications.
