The Hindu Business Line : Continuation of dumping duty on oxo alcohols recommended

THE Designated Authority in the Commerce Ministry, after reviewing its earlier recommendations, has suggested the continuation of definitive anti-dumping duty on imported acyclic alcohols (oxo alcohols) from Poland, the Republic of Korea, Indonesia, Saudi Arabia, Russia, Iran, the US and the European Union.

While justifying the continuation of the anti-dumping duty, the Authority conceded that some of the economic factors/indices of the domestic industry, such as sales, production and productivity, did show improvement, and the domestic industry was able to reduce losses. "But the improved performance of the industry on certain parameters is to be seen in the light of the existing anti-dumping duties," it said. The domestic industry's market share, however, has declined. Besides, the fact that about 9,104 tonnes of dumped imports of acyclic alcohols occurred during the period of the probe, constituting 13.28-per cent market share in total demand, held "a threat that the imports would intensify if the anti-dumping duties are removed," the Authority held.

Stating that the indigenous industry continued to suffer on account of price undercutting, the Authority said price undercutting had been found to be in the range of minus 29.62 per cent to plus 29.63 per cent transaction-wise. The losses of APL, the company that had originally filed the petition for dumping probe for the year March 31, 2002, were Rs 93.63 million.

The Authority found that as a result of continued dumping, the domestic industry had suffered. In this Mid-Tern Review and based on the assessment, it found that dumping continues from several of the subject countries, hence it "may not be appropriate to withdraw the existing anti-dumping measures as it may lead to continuance and recurrence of dumping and injury."

Accordingly, the Authority said the anti-dumping duty in the case of exporters from Saudi Arabia would be the difference between $756.82 and the landed value of imports per tonne for acyclic alcohol such as 2-EHA (ethyl hexanol) NBA (normal butanol), IBA (iso butanol) and iso-octanol. In the case of Iran, the anti-dumping duty would be the difference between $628.42 and the landed value of imports per tonne for 2-EHA, IBA and iso-octanol and the difference between $622.04 and the landed value of import per tonne for NBA. For exporters from Poland, the anti-dumping duty would be the difference between $727.35and the landed value of imports per tonne.

In the case of the US, the anti-dumping duty would be the difference between $727.35 and the landed price of import per tonne for NBA and in the case of 2EHA, IBA, iso-octanol, the dumping duty would be the difference between $713.38 and the landed value of import per tonne. In the case of the European Union, the anti-dumping duty would be the difference between $727.35 and the landed value of import per tonne. In the case of Russia, the anti-dumping duty is the difference between $826.47 and the landed value of import per tonne for 2EHA, IBA, iso-octanol and in the case of NBA the dumping duty is the difference between $727.35 and the landed value of import per tonne.

More Stories on : Anti-dumping | Chemicals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page